Does the fact that there was a disclosure absolve them from any liability? either criminal or civil?
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Goldman Admits To Frontrunning Clients Through Its Prop Desk
- Thread starter Banjo
- Start date
Does the fact that there was a disclosure absolve them from any liability? either criminal or civil?
Several of my electronic platforms have similar language under the 'Terms of Use'.
As to the actual subject of the ZH post, what is described in the letter is most definitely NOT front-running and ZH should know this.
If you want a detailed explanation, see here:
http://fridayinvegas.blogspot.com/2010/01/talking-your-book-vs-frontrunning.html
As to the actual subject of the ZH post, what is described in the letter is most definitely NOT front-running and ZH should know this.
If you want a detailed explanation, see here:
http://fridayinvegas.blogspot.com/2010/01/talking-your-book-vs-frontrunning.html
Goldman's email is just a friendly LEGAL reminder to all clients using their "Trading Ideas" that they MIGHT BE treated worse than their top-notch clients.
Nothing more and nothing less.
Yawn.
Nothing more and nothing less.
Yawn.