Judge won’t block SEC use of recording against Goldman’s Tourre
By Nate Raymond NEW YORK (Reuters) – Three years after Fabrice Tourre became the face of a major U.S. regulatory action against Goldman Sachs Group Inc, a newly uncovered phone recording is giving the Securities and Exchange Commission ammunition in its fraud case against the former bond trader. The January 2007 call was between a Goldman saleswoman and an executive at ACA Financial Guaranty Corp, which helped pick securities backing the collateralized debt obligation about which Goldman and Tourre allegedly misled investors. As Tourre looked on, U.S. …
http://news.yahoo.com/judge-wont-block-sec-recording-against-goldmans-tourre-213007804.html
U.S. wants Diamondback’s Newman to reimburse hedge fund
NEW YORK (Reuters) – A Diamondback Capital Management portfolio manager convicted of insider trading should reimburse up to $12.9 million to his former employer, in addition to serving as much as 6-1/2 years in prison, federal prosecutors said on Friday.
http://feeds.reuters.com/~r/reuters/businessNews/~3/NAEFt9mVoog/story01.htm
Stocks edge lower as economic growth disappoints
NEW YORK (AP) — Stock indexes are edging lower in early trading on Wall Street after the government reported U.S. economic growth that wasn’t as strong as economists had forecast.
http://news.yahoo.com/stocks-edge-lower-economic-growth-disappoints-134959349.html