SEC Fines Goldman Sachs $550 Million Over Hedge Fund Transaction

``“This settlement is a stark lesson to Wall Street firms that no product is too complex, and no investor too sophisticated, to avoid a heavy price if a firm violates the fundamental principles of honest treatment and fair dealing.” Robert Khuzami, director of the SEC’s division of enforcement, said, according to the paper, “the unmistakable message of this lawsuit … is that half-truths and deception cannot be tolerated”.''