FSA fines Goldmans £17.5m
Goldman Sachs has agreed to pay a fine of £17.5m to the FSA after failing to disclose trader Fabrice Tourre was under fraud investigation by the US Securities & Exchange Commission.
Tourre is the trader accused of fraud by the SEC over his role in the creation and sale of the Abacus CDO, which was shorted by hedge fund Paulson & Co. Goldman agreed in July to pay $550m to settle...
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