The SEC says Goldman failed to disclose "vital information" that one of its clients, Paulson & Co, helped choose which securities were packaged into the mortgage portfolio. These securities were sold to investors in 2007. The amount of fraud accounts to 1 Billion Dollars.
CHAPTER II. - SECURITIES & EXCHANGE COMMISSION MISSION
“The mission of the U.S. Securities and Exchange Commission is to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation.
As more and more first-time investors turn to the markets to help secure their futures, pay for homes, and send children to college, our investor protection mission is more compelling than ever.
As our nation's securities exchanges mature into global for-profit competitors, there is even greater need for sound market regulation. “
CHAPTER III: SEC DISCLAIMER
DID THE SEC AUTORITIES COMPLY WITH ITS MISSION?
This is one of the eldest forms, that regulators whom do not want to be charged as part of any immoral behaviors or being colluded with thieves; try to avoid its responsibility, SURPRISING INVESTORS WITH A GREAT DISCOVERY
The question is if the SEC is coresponsible for neglicence in this billionare fraud, set-up in 2007?