Report: Goldman providing tips to certain clients

Goldman Sachs is providing some of its biggest clients stock tips that come out of regular meetings held by analysts and traders at the investment bank, according to a Wall Street Journal report.

Some of the tips, which provide insight on potential short-term market movements, can differ from research notes Goldman widely distributes to its clients, the Journal reported. Critics claim providing the early information to only certain clients hurts customers who aren't given the opportunity to trade on the ideas that come out of the meetings.

Securities laws require firms to provide fair disclosure to all customers.

Read Full Article from The Associated Press

- Posted: 2009-08-24 10:33:33

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