June 8 (Bloomberg) -- Goldman Sachs Group Inc. is being “legitimately scrutinized” by regulators who sued the firm for fraud based on conduct that many in the industry consider to be common practice, according to a Bloomberg survey.
The most profitable securities firm in Wall Street history has suffered the worst reputational decline among its largest competitors, according to the global quarterly poll of 1,001 investors and analysts who are Bloomberg subscribers. Eighty- three percent of respondents said Goldman Sachs’s stature diminished in the past six months; the next closest were UBS AG, with 27 percent, and Citigroup Inc., at 26 percent.
“This disaster didn’t occur by mistake,” said respondent Dane Fulmer, who has traded fixed-income financial instruments for 39 years and runs Dane Fulmer Investments in Fort Smith, Arkansas. “If it was an honest mistake, then it far, far surpasses what the law would consider negligent.”
Goldman Sachs was sued April 16 by the Securities and Exchange Commission, which said the New York-based company failed to inform investors about the role hedge fund Paulson & Co. played in both helping to select contracts underlying a mortgage-linked investment and betting against it. Goldman Sachs has said it did nothing wrong and is fighting the case.
The most profitable securities firm in Wall Street history has suffered the worst reputational decline among its largest competitors, according to the global quarterly poll of 1,001 investors and analysts who are Bloomberg subscribers. Eighty- three percent of respondents said Goldman Sachs’s stature diminished in the past six months; the next closest were UBS AG, with 27 percent, and Citigroup Inc., at 26 percent.
“This disaster didn’t occur by mistake,” said respondent Dane Fulmer, who has traded fixed-income financial instruments for 39 years and runs Dane Fulmer Investments in Fort Smith, Arkansas. “If it was an honest mistake, then it far, far surpasses what the law would consider negligent.”
Goldman Sachs was sued April 16 by the Securities and Exchange Commission, which said the New York-based company failed to inform investors about the role hedge fund Paulson & Co. played in both helping to select contracts underlying a mortgage-linked investment and betting against it. Goldman Sachs has said it did nothing wrong and is fighting the case.
What means those losses?
Asked for their opinion of the SEC fraud suit, 61 percent of respondents replied that the firm “is being legitimately scrutinized,” while 29 percent answered that the company “is being unfairly vilified.” The remainder were undecided.
Asked for their opinion of the SEC fraud suit, 61 percent of respondents replied that the firm “is being legitimately scrutinized,” while 29 percent answered that the company “is being unfairly vilified.” The remainder were undecided.
6 comentarios:
Bueno como sabemos la crisis que se esta viviendo en estas epocas a pegado o afectado al mundo pero si supuestamente tienen reglas que se tienen que cumplir y toda la informacion que se tiene de este caso menciona que es un frade no honesto y si se supone que la ley lo menciona como negligencia por que no empiezasn hacer que la ley se cumpla por que si no como todo se habla de lo que sucede o se da la noticia y dejan pasar el tiempo para que despues se diga que no paso nada donde esta la justicia del mundo es fraude y no se puede quedar inmune.
creo que un fraude es fraude y no hay nada honesto en eso, las autoridades deben de mejorar el control sobre estas insttuciones, además la información es un factor muy importante el cuál debe estar disponible en cualquer momento.
Pues estoy de acuerdo con vladimir y ana, la crisis por la que estamos pasando todo el mundo nos a pegado muy fuerte, pero en este caso que se a cometido un fraude tienen que pagar por ello y hacer que se cumplan las leyes que tienen estipuladas.
como bien mencionaban, un fraude es un fraude por donde se vea, y si asi ocurrió con la firma de valores mas rentable de Wall street, que según estaba muy bien examinada, habria que analizar mas detalladamente otras firmas mas pequeñas, ya que los fraudes no se cometen por error.
Opino que deberia de estar mas reguladas las firmas ya que al parecer no se estan cumpliendo las leyes por las que segun estan se rigen ¿o sera que a algunos no les conviene que se cumplan? ya sea por diversos intereses; se necesita llegar al origen de esta crisis y castigar a los responsables.
las leyes deben de adentrarse mas a conocer como funcionan las calificadoras ya que por manipulaciones internas dentro de las mismas las economias que actualmente se conocen es por falta de revisiones drasticas ya que se maneja negligencia y hay mucha deshonestidad en ellas y terceras personas involucradas dentro de la misma todo esto se manipula y genera un desequilibrio economico que afecta al mundo y mas a paises que no son aptos de soportar una escaces economica.
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