In 2013, the SEC Found the Goldman Sachs Trader Who

question 34

Multiple Choice

In 2013, the SEC found the Goldman Sachs trader who was responsible for creating and selling Abacus guilty of defrauding investors. What were the results of this case?

• A)The man who created and sold Abacus was fined $825,000.
• B)The man who created and sold Abacus was fined $2 million, half of which went to the investors who lost money.
• C)Goldman Sachs was fined $3 million, and the man who created Abacus was sentenced to a year of community service.
• D)Goldman Sachs was fined $3 million.

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Definitions:

Preserving Identity

The effort to maintain a stable sense of self and personal uniqueness despite changing circumstances or external pressures.

Agreeableness

A personality trait involving attributes such as trust, altruism, kindness, and affection toward others.

Agreeableness

A personality trait characterized by kindness, empathy, trust, and cooperativeness.

Conscientiousness

A personality trait of being thorough, careful, or vigilant; entails a strong sense of duty and responsibility.