4 ms·

I wasn't so concerned with the specific nature of the investment vehicle in question as it seemed the complaint about GS was simply that they had sold to a clie

I wasn't so concerned with the specific nature of the investment vehicle in question as it seemed the complaint about GS was simply that they had sold to a client a product which they implicitly had deemed a poor choice.

patrickgzill 16y ago
Not being a securities lawyer I don't have a 100% accurate answer for you; however I would say there is a difference between common stocks which have no performance guarantees and bonds/warrants/etc which do have guarantees (with risk/reward taken into consideration of course).