| 25 August 2009

Following a harsh expose yesterday in the Wall Street Journal about Goldman Sach's practice of tipping off its best clients on key short-term trading tips, regulators have stepped in and announced their intentions to review their weekly meetings.

The review of the "trading huddles," as they're called, offered particular insight into the practice of selective information sharing at Goldman. Short-term tips were often only rolled out to a select few clients.

Apparently even $20 million isn't enough to get the best tips from Goldman traders. A former Goldman client pulled most of his $20 million account after losing money in a couple Goldman funds and not receiving any of the good tips, according to the Wall Street Journal article. "I was at the end of the food chain," he said.