Goldman Sachs And The Wells Process

Law360, New York (May 24, 2010, 11:29 AM EDT) -- The objective of the U.S. Securities and Exchange Commission’s Wells process is to “place before the Commission prior to the authorization of an enforcement proceeding the contentions of both its staff and the adverse party concerning the facts and circumstances which form the basis for the staff recommendation.”[1]

Although the recipient of a Wells notice has access to the information and testimony the recipient provides, it is within the discretion of the commission’s staff to provide, or deny, the recipient of a Wells notice with access...
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