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Posts by "djellal"
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Posts by Anonymous "djellal":
ISIN EU000A1GVVF8
4B 15YR 2.10% EFSM
WHY you called your father ah ah ah lol !
Sept. 22 (Bloomberg) -- A former Goldman Sachs Group Inc.
trader and his father were accused by U.S. regulators of making
illegal trades based on confidential information related to the
Wall Street firms exchange-traded fund investments.
Spencer Mindlin, 33, and Alfred Mindlin, 68, reaped at
least $57,000 in illicit profits by trading in December 2007 and
March 2008 with knowledge of massive, market-moving trades
that Goldman Sachs planned to execute in four securities, the
Securities and Exchange Commission said yesterday in a
statement. The claims were outlined in an administrative
proceeding filed by the SECs enforcement unit.
The younger Mindlin, who worked on Goldman Sachss ETF
desk, learned of the firms plans to buy and sell large amounts
of securities underlying an exchange traded fund, or ETF, known
as SPDR S&P Retail ETF, according to the order. He tipped his
father, and the two took long and short positions depending on
whether Goldman Sachs intended to buy or sell, the order said.
The insider-trading claims are the SECs first involving ETFs,
the SEC said. The agency is seeking disgorgement of ill-gotten
gains and unspecified penalties.
Robert Knuts, an attorney for the Mindlins at Park & Jensen
LLP, didnt immediately return a call for comment on the claims.
Goldman Sachs spokeswoman Andrea Raphael said in an e-
mailed statement that the firm fully cooperated with the
SECs investigation.
All of the trading was conducted in private, undisclosed
accounts held outside of Goldman Sachs and none of the trading
involved client information, Raphael said.
Spencer Mindlin left Goldman Sachs in 2009, according to
the administrative order.
Don't you think that thanks to this twist opration fed will have the possibility to do a QEIII ?
in Switzerland the job of the SNB is very appreciated but not considered sufficient.
So I think they will continue to devaluate as advertised and everyone here support them.
Some are waiting a big movement from snb on gold.