Trader Talk

SEC Split on Goldman Vote


Word that the SEC vote to sue Goldman Sachs was 3-2, right along party lines (first reported by Bloomberg), came out a bit after 2pm ET and helped lift Goldman and the overall market.

Volume in GS immediately picked up and price moved from $159 to $162 in a matter of minutes, putting GS into the green for the first time today.

Why is this important? Because it implies that if the SEC cannot get a unanimous vote, culpability may be less than clear.

More on Financials:

The Big Financials Today:

Goldman Sachs


Bank of America

JPMorgan Chase

Morgan Stanley

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