4:17pm

Mon July 15, 2013
Law

Former Goldman Sachs Vice President Goes On Trial

Originally published on Mon July 15, 2013 6:17 pm

Three years ago the Securities and Exchange Commission filed civil charges against Goldman Sachs and one of its traders, Fabrice Tourre. They were charged with misleading investors over mortgage-backed securities. Goldman settled and agreed to pay $550 million. Tourre's trial began Monday in a Manhattan court room.