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Posts Tagged ‘Chinese walls’

Goldman’s Prop Trading and Reputational Risk

Posted by Larry Doyle on March 12th, 2010 2:52 PM |

On Wall Street, information is everything.

Timely access to information as to who is buying/selling what, how much they are buying/selling, and why they are buying/selling is absolutely invaluable. The Wall Street banks fight tooth and nail to protect their information franchises.

That said, there are supposed to be rules as to how information is handled and processed so that trading complies with the rules of the road. Banks are not supposed to front run clients. Banks are not supposed to give up client names. Do the banks practice what the regulators preach? ¬† (more…)

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