goldman 04Fizzled Goldman Sachs Cases Put S.E.C. in Harsh Light


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The Securities and Exchange Commission is supposed to be Wall Street’s top cop, charged with protecting investors while it ensures that brokers and bankers adhere to the rules.

Recent articles in The New Yorker and Fortune, however, raise questions about whether the agency was willing to take on tough cases against one Wall Street firm, Goldman Sachs, and its executives. They feed into a broader concern about whether the agency can adequately police the markets by taking on the biggest players.

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