Fabrice tourre

LONDON, UNITED KINGDOM (GaeaTimes.com)- After months of investigation, Goldman Sachs has been fined $27 million by The British securities regulator who have held that the investment banking service has failed to disclose details about Fabrice Tourre, a London-based trader at Goldman Sachs who was accused of fraud by the U.S.

WASHINGTON (GaeaTimes.com)- Reputed US investment giant Goldman Sachs has been hogging the focus of the media since the US Securities and Exchange Commission has accused it of fraudulent behavior and misleading the investors.

NEW YORK - A murky financial product created and sold by Goldman Sachs helped a Wall Street hedge fund pocket huge profits from the housing crash at the expense of unwitting investors, the Securities and Exchange Commission has alleged.

The government has launched a variety of civil and criminal cases against financial companies in the wake of the housing market's collapse and ensuing banking crisis.