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: Securities Law Prof Blog

FINRA Arbitration Panel Tells Goldman to Pay $20.6 Million to Bayou Group Creditors

By Securites Lawprof

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A FINRA arbitration panel ordered Goldman Sachs Group to pay $20.6 million (the largest arbitration award against a securities firm) to unsecured creditors of Bayou Group LLC. The claimants alleged Goldman, who acted as clearing broker for Bayou, ignored signs...

Full post as published by Securities Law Prof Blog on June 26, 2010 (boomark / email).

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