http://finance.yahoo.com/banking-budgeting/article/108565/goldman-email-message-lays-bare-trading-conflicts?sec=topStories&pos=8&asset=&ccode=
Here comes another buy off, pay the penatly and resume the game.
If you or I did this it's jail time but since a corporation did it, it's only takes a small fine to make it go away.
For years, Wall Street whispered that Goldman Sachs profited handsomely by trading ahead of -- or even against -- its own clients.
On Tuesday, a Goldman executive made an unusual admission that, in some cases, the rumors were true.
Under federal rules, research analysts cannot mislead clients by promoting stocks that the analysts privately do not believe in or that the firm has a vested interest in. Research analysts are also prevented from providing information to their firms' own traders before disseminating their reports more broadly.
