Tweet
Goldman drops as much as 15.6% after SEC charge
By John Spence
Apr 16, 2010 15:27:00 (ET)
SAN FRANCISCO (MarketWatch) -- Shares of Goldman Sachs Group Inc. had skidded more 15% at Friday's low point after the Securities and Exchange Commission announced fraud charges against the company.
The SEC alleges Goldman (GS, and one of its executives defrauded investors "by misstating and omitting key facts about a financial product tied to subprime mortgages as the U.S. housing market was beginning to falter," the agency said in a statement.
By John Spence
Apr 16, 2010 15:27:00 (ET)
SAN FRANCISCO (MarketWatch) -- Shares of Goldman Sachs Group Inc. had skidded more 15% at Friday's low point after the Securities and Exchange Commission announced fraud charges against the company.
The SEC alleges Goldman (GS, and one of its executives defrauded investors "by misstating and omitting key facts about a financial product tied to subprime mortgages as the U.S. housing market was beginning to falter," the agency said in a statement.
Comment