Goldman Sachs to Review Policy on Conflicts of Interest (GS, KMI, EP, BCS, BAC, C)
Mergers and acquisitions bankers may become subject to stricter rules for revealing their personal investments as a result of a review now being conducted at Goldman Sachs Group Inc. (NYSE: GS). A Delaware judge recently scolded Goldman for failing to…
According to a report in The Wall Street Journal, “Many bankers said they consider personal stockholdings a ‘common-sense’ disclosure. As a result, conflicts due to a financial adviser’s personal holdings rarely become a problem … .” The report also noted that Barclays plc (NYSE: BCS), Bank of America Corp. (NYSE: BAC), and Citigroup Inc. (NYSE: C) are also reviewing their conflict of interest rules.
Goldman Sachs is under particular scrutiny now, following the publication of a scathing op-ed piece by one of its former executive directors.
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Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.
He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.
