Goldman Sachs Pays $550M to Settle SEC Fraud Suit

By: Carrie Bay Goldman Sachs & Co. has agreed to pay more than half a billion dollars to settle federal charges that the Wall Street broker-dealer misled investors to sink money into a product backed by dicey subprime mortgages just as the housing market was beginning to collapse. In a civil suit brought by the … Continue reading Goldman Sachs Pays $550M to Settle SEC Fraud Suit