Reuters – A U.S. judge on Thursday [Feb. 20] weighed the limits of the U.S. Securities and Exchange Commission’s ability to punish former Goldman Sachs Group Inc. trader Fabrice Tourre, including whether the agency could block him from asking the bank to cover any penalties.
At a hearing in New York, U.S. District Judge Katherine Forrest grappled with the SEC’s request that Tourre pay $1.15 million after a jury found him liable for fraud in one of the highest-profile trials to spill out of the financial crisis.
