Goldman doesn't know that its clients will take
action on these "investment ideas" that it "shares".
It may be legal, but it shouldn't be. It is at the very least unethical.
You can bet is was probably dreamed up by some of their attorneys over a few
drinks throwing out ideas to exploit their customers in another way. Brokers
shouldn't be allowed to run a prop desk and trade their own book.
----- Original Message -----
From: "Ben" <profitok@xxxxxxxxxxnet>
To: realtraders@yahoogroups.com,
ronmac17@xxxxxxcom, mary28jes@xxxxxxcom
Cc: "Vince Donovan" <vince.donovan@verizon.net>,
"vince donovan" <vince.donovan@comcast.net>,
panda2222@xxxxxxxxx.net
Sent: Tuesday, January 12, 2010 9:49:21 PM GMT -08:00 US/Canada Pacific
Subject: [RT] GS
* In an e-mail message to select clients,
Thomas Mazarakis, the head of Goldman Sachs Group Inc's fundamental strategies
group, acknowledged that his unit often provided investment ideas that the firm
had already traded on. Sometimes Goldman has even taken the opposite approach,
betting against particular instruments that the group has recommended.