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- Sarah ten Siethoff is New Associate Director of SEC Investment Management Rulemaking Office
- Catherine Keating Appointed CEO of BNY Mellon Wealth Management
- Credit Suisse to Pay $47Mn to Resolve DOJ Asia Probe
- SEC Chair Clayton Goes 'Hat in Hand' Before Congress on 2019 Budget Request
- SEC's Opening Remarks to the Elder Justice Coordinating Council
- Massachusetts Jury Convicts CA Attorney of Securities Fraud
- Deutsche Bank Says 3 Senior Investment Bankers to Leave Firm
- World’s Biggest Hedge Fund Reportedly ‘Bearish On Financial Assets’
- SEC Fines Constant Contact, Popular Email Marketer, for Overstating Subscriber Numbers
- SocGen Agrees to Pay $1.3 Billion to End Libya, Libor Probes
- Cryptocurrency Exchange Bitfinex Briefly Halts Trading After Cyber Attack
- SEC Names Valerie Szczepanik Senior Advisor for Digital Assets and Innovation
- SEC Modernizes Delivery of Fund Reports, Seeks Public Feedback on Improving Fund Disclosure
- NYSE Says SEC Plan to Limit Exchange Rebates Would Hurt Investors
- Deutsche Bank faces another challenge with Fed stress test
- Former JPMorgan Broker Files racial discrimination suit against company
- $3.3Mn Winning Bid for Lunch with Warren Buffett
- Julie Erhardt is SEC's New Acting Chief Risk Officer
- Chyhe Becker is SEC's New Acting Chief Economist, Acting Director of Economic and Risk Analysis Division
- Getting a Handle on Virtual Currencies - FINRA
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'Government Sachs' Protest Inside Goldman’s New York HQs
Interesting: Goldman even has ties to incoming SEC Chair Jay Clayton.
Protesters filled the lobby of Goldman Sachs’ New York headquarters on Wednesday, yelling chants and waving signs, in opposition to the firm’s growing influence in President-elect Donald Trump’s administration. Some 40 protesters reportedly entered Goldman’s lobby and were ejected, in some cases physically. Roughly half that number of people can been seen participating in a video of the rally posted on Facebook.
The activists criticized Goldman’s role in the U.S. housing crisis and the long history of its former executives taking senior posts in government. The video shows protesters shouting, holding banners and blocking turnstiles in the lobby. An officer can be seen confiscating a black banner with the words “Government Sachs,” and later he pushes some protesters through an open door.
The group vowed to return on January 17.
GOLDMAN’S TIES TO JAY CLAYTON, INCOMING SEC CHAIR. The protest came on the same day that Donald Trump said he would nominate Jay Clayton, a Sullivan & Cromwell partner with close ties to the investment bank, to lead the SEC. Clayton has done work for Goldman Sachs, and his wife, Gretchen, is a wealth manager at the bank.
While Trump derided Wall Street and singled out the firm as a symbol of greed during his campaign, he’s tapped several its alumni to help lead the government: Steven Mnuchin, a former partner at the bank, to be Treasury secretary; Goldman Sachs President Gary Cohn for the top White House economic post; and, Stephen Bannon as chief strategist.