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Huddle Up

The top financial regulator in Massachusetts, William Galvin, wants to have a closer look at exactly what was going on inside the Goldman huddle and has subpoenaed GS to open up the playbook. Galvin alleges that clients who were left behind the velvet rope af the Goldman were disadvantaged by those who had access to the platinum level membership benefits. If those clients were disadvantaged and angry before, they should be cheering now. With the details of the huddle system coming to light, clients now know exactly what they'll get for showing a little more love for Lloyd & Co.
Goldman Subpoenaed on Huddles [WSJ]