Word: sec
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...April 16, the SEC alleged that Goldman misrepresented to investors the involvement of hedge fund manager John A. Paulson—who famously made billions through bearish bets on the housing market in 2007—in assembling a portfolio of mortgage-backed securities that he later bet against...
...SEC would also need to prove that Goldman had a duty to disclose Paulson’s role, and that buyers incurred damages as a result of his involvement...
...SEC alleged on Friday that Goldman misrepresented to investors, including financial institutions IKB and ACA Capital, the involvement of a major hedge fund in assembling a portfolio of mortgage-backed securities that the fund later bet against...
...SEC may have a stake in regaining its credibility as a regulatory body, according to Law School professors...
...Goldman, reputation is also at stake, as well as the possibility of further legal actions on other transactions, Ferrell said. According to Law School Professor Howell E. Jackson, the SEC has a plausible case and Goldman will not be confident enough to go to trial. Ferrell, Jackson, and Fried said they believe that Goldman will settle...