Ex-Goldman Trader Tourre Seeks Smaller Fine In Fraud Case

Law360, New York (January 22, 2014, 5:37 PM EST) -- Former Goldman Sachs Group Inc. trader Fabrice Tourre on Tuesday said that he should only pay a maximum fine of up to $65,000 after being found liable for fraud in a housing-bubble era mortgage security, far less than what securities regulators are seeking. 

In an opposition memorandum filed in Manhattan federal district court, Tourre argued that the U.S. Securities and Exchange Commission presented no evidence that the former trader was a serial violator of securities laws, or that he had personally benefited from the mortgage-backed security...
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