Goldman Sachs defends market practices in report to SEC

10/27/2009 | Bloomberg

In a lengthy report to the Securities and Exchange Commission, Goldman Sachs Group defended high-frequency trading, dark pools, short-selling and other market strategies. "The investing community (especially retail) has benefited from the evolving market structure and industry competition," Goldman said in the report. Lawmakers have criticized the practices and are looking into ways to increase their transparency.

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