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Goldman
Sachs Clients-First Pledge Undercut by SEC
Bloomberg News – April 17,
2010
By Christine Harper
The SEC’s accusations may fuel critics’ claims
that the firm put its own interests ahead
of clients’ and profited from practices
that led to the financial crisis.
“Goldman Sachs said they sold only to sophisticated investors,
but the damage they did was so pervasive that unsophisticated
investors got snared in their web too,” said Janet
Tavakoli, president of Tavakoli Structured Finance Inc. in Chicago.
End of Excerpt
Janet
Tavakoli is the president of Tavakoli
Structured Finance, a Chicago-based firm
that provides consulting to financial institutions
and institutional investors. Ms. Tavakoli
has more than 20 years
of experience in senior investment banking
positions, trading, structuring and marketing
structured financial products. She
is a former adjunct professor of derivatives
at the University of Chicago's Graduate
School of Business. She is the author of: Credit
Derivatives & Synthetic Structures (John
Wiley & Sons,
1998, 2001), Structured
Finance & Collateralized Debt Obligations (John
Wiley & Sons, 2008).
Janet
Tavakoli's book on the global financial meltdown is Dear
Mr. Buffett: What An Investor
Learns 1,269 Miles From
Wall Street (Wiley 2009)
Clients
of Tavakoli Structured Finance
have the benefit of proprietary consultation, which is
not available in any other paid or public forum. Clients
also commission proprietary research and analysis.
TSF
makes some information available to the general public. Please
click here for other articles.
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