NEW YORK CITY-Judge Barbara Jones of the US District Court hasapproved the $550 million settlement between the US Securities andExchange Commission and Goldman Sachs. The settlement is withregard to the fraud related to sub-prime mortgage relatedsecurities.

|

The settlement also states that all employees in the mortgagedepartment of Goldman Sachs will have to undertake a Federalsecurities law training annually. However, the SEC will continueits lawsuit against Fabrice Tourre, Goldman Sachs' VP allegedlyresponsible for the fraud. For the full story, go toReuters.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.