------ Forwarded Message > From: Vigilius Haufniensis <thehatefuln...@comcast.net> > Date: Wed, 8 Jul 2009 22:16:35 -0700 > To: muckblit <muckb...@yahoo.com>, Robert Millegan <roads...@aol.com> > Subject: Fw: GATA urges SEC, CFTC to probe Goldman trading program >
> > > Holy SHIT. Looks like there could actually be something to this!? Can you > imagine hacking the PPT!? WTF! Good way to wake up dead. -Vmann > > > http://www.gata.org/node/7569 > GATA urges SEC, CFTC to probe Goldman trading program > Submitted by cpowell on Tue, 2009-07-07 20:35. Section: Daily Dispatches > <http://www.gata.org/taxonomy/term/2> > 4:37p ET Tuesday, July 7, 2009 > > Dear Friend of GATA and Gold: > > GATA today urged the U.S. Securities and Exchange Commission and the U.S. > Commodity Futures Trading Commission to investigate the Goldman Sachs Group > Inc. computer trading program that, according to a federal prosecutor, the > bank acknowledges can be used to manipulate markets. > > GATA's complaint referred to the Bloomberg News story dispatched to you > yesterday -- > > http://www.bloomberg.com/apps/news?pid=20601087&sid=a_6d.tyNe1KQ > > -- reporting the arraignment in U.S. District Court in New York of a former > Goldman Sachs employee accused of stealing the program. The prosecutor, > Assistant U.S. Attorney Joseph Facciponti, was quoted as telling the court: > "The bank has raised the possibility that there is a danger that somebody who > knew how to use this program could use it to manipulate markets in unfair > ways." > > In letters to the SEC and CFTC, GATA wrote: "The assistant U.S. attorney's > comment can be construed to suggest Goldman Sachs considers its own > manipulation of markets to be fair, while such manipulation by others would be > unfair. The court proceeding described in the Bloomberg News story would seem > to impugn all markets in which Goldman Sachs trades." > > GATA asked each commission "to investigate Goldman Sachs' trading program > urgently and report its findings publicly." > > The text of GATA's letters is appended. > > CHRIS POWELL, Secretary/Treasurer > Gold Anti-Trust Action Committee Inc. > > * * * > > GOLD ANTI-TRUST ACTION COMMITTEE INC. > 7 Villa Louisa Road, Manchester, Connecticut 06043-7541 > > July 7, 2009 > > Gary Gensler, Chairman > U.S. Commodity Futures Trading Commission > 3 Lafayette Centre > 1155 21st St., N.W. > Washington, D.C. 20581 > > Mary L. Schapiro, Chairman > U.S. Securities and Exchange Commission > 100 F St. N.E. > Washington, D.C. 20549 > > Dear Chairman Gensler / Dear Chairman Schapiro: > > I'm enclosing a copy of a report distributed July 6 by Bloomberg News Service > about the U.S. government's prosecution of a former employee of Goldman Sachs > Group Inc. involving the purported theft of a Goldman Sachs computer trading > program. The report quotes Assistant U.S. Attorney Joseph Faccipointi as > saying in U.S. District Court in New York City: "The bank has raised the > possibility that there is a danger that somebody who knew how to use this > program could use it to manipulate markets in unfair ways." > > If the report quotes the assistant U.S. attorney correctly, and if he was > characterizing Goldman Sachs' position correctly, then Goldman Sachs claims to > have possession of a computer trading program that can manipulate markets. The > assistant U.S. attorney's comment can be construed to suggest Goldman Sachs > considers its own manipulation of markets to be fair, while such manipulation > by others would be unfair. > > The court proceeding described in the Bloomberg News story would seem to > impugn all markets in which Goldman Sachs trades. On behalf of the Gold > Anti-Trust Action Committee Inc., I ask your commission to investigate Goldman > Sachs' trading program urgently and report its findings publicly. > > Thanks for your consideration. > > With good wishes. > > CHRIS POWELL > Secretary/Treasurer > ------ End of Forwarded Message
