Reuters reports that former Goldman Sachs VP Fabrice Tourre lost a bid to limit a
U.S. Securities and Exchange Commission civil fraud case against him over a
transaction that led to a $550 million settlement by the Wall Street bank.
U.S. District Judge Katherine Forrest in Manhattan
on Tuesday rejected Tourre's argument that a 2010 U.S. Supreme Court decision
limiting the reach of U.S.
securities laws required the SEC to narrow its case. The decision is a victory for the SEC and
gives it "a stronger tool to go after people who offer securities in the United States ….
No comments:
Post a Comment