Thursday, July 9, 2009

Goldman's "Do as I say, not as I do" disclosure

Goldman Sachs general disclosure on their research reads as follows:

Our salespeople, traders, and other professionals may provide oral or written market commentary or trading strategy to our clients and our proprietary trading desks that reflect opinions that are contrary to the opinions expressed in this research. Our asset management area, our proprietary trading desks and investing businesses may make investment decisions that are inconsistent with the recommendations or views expressed in this research.

"Do as I say, not as I do."

No comments: