TITLE

Acid test

AUTHOR(S)
Carlino, Bill
PUB. DATE
May 2010
SOURCE
Accounting Today;5/24/2010, Vol. 24 Issue 6, p3
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article argues that the U.S. Securities and Exchange Commission's (SEC) filing of charges against Goldman Sachs for its allegedly fraudulent Abacus 2007-AC1 collateralized debt obligations (CDO) could mend the agency's tattered reputation and uphold its mission of being the investor's advocate. The author also believes that Goldman is a make-or-break case for SEC and could have potentially career-altering changes for SEC Chairman Mary Schapiro and her appointed enforcement chief Robert Khuzami.
ACCESSION #
51081210

 

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