Wall Street Banks Brace for Widening Financial Regulatory Probes

For institutional investors who lost money in questionable mortgage investments sold to them by Wall Street, the Securities and Exchange Commission's new focus on derivatives fraud might seem long overdue. For Wall Street investment banks, it may seem like a witch hunt. Regardless, industry members and securities lawyers say, a tidal wave of regulatory complaints could soon strike Wall Street's powerhouses, and not just Goldman Sachs. On Friday, the SEC slapped Goldman with a civil suit...Full Story
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