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When news leaked of Goldman Sachs' Facebook pre-IPO fund that would only be accessible to their most prized clients, Goldman was accused of solicitations and ad
by rdlecler1 11y ago
When news leaked of Goldman Sachs' Facebook pre-IPO fund that would only be accessible to their most prized clients, Goldman was accused of solicitations and advertising. They were not allow to sell shares to Americans. I'm not sure if the news leak was the result of seeing the SEC filling or it came from within Goldman, but the SEC took a broad view on what they considered to be advertising and solicitation when Goldman did not come out on the record to say it, and frankly didn't need to disseminate that information to raise awareness.