*SCALPSWINGSTRADDLE*

[alien-IQ]

Regulatory Crackdown On Goldman Begins

First the Fed, now Goldman Sachs. Hot off the presses:

Examiners at the Financial Regulatory Authority, the industry self-regulatory body known as Finra, and the Securities and Exchange Commission intend to ask Goldman for more information on these weekly get-togethers, people familiar with the matter said.

This of course is in relation to the article that the WSJ printed yesterday on advance research looks that Goldman was providing to its preferential clients.

The huddles currently aren't disclosed in Goldman's long-term research, although the firm Monday discussed adding disclosure on its client Web site about the service. Some other firms, such as Morgan Stanley, also give stock ideas to clients, but disclose the service in their longer-term research and on their Web site.

Securities laws require firms such as Goldman to engage in "fair dealing with customers" and prohibit analysts from issuing opinions that are at odds with their true beliefs about a stock. Research reports can often cause a stock to rise or fall.

Can someone please explain how FINRA and the SEC would actually chase the perpetrators of market injustice if it wasn't for the occasional articles in the mainstream media and the blogosphere providing them with the blueprints from A to Z of exactly how the big, "entrenched" firms game the "efficient" markets day in and day out?

http://www.zerohedge.com/article/regulatory-crackdown-goldman-begins