SEC Split on Whether to Sue Goldman

More on the Goldman fraud charges, from the Wall St. Journal:

The SEC split 3-2 on whether to bring the fraud charges, with Chair Schapiro joining Democrats Walter and Aguilar and Republican Commissioners Casey and Paredes voting against.  WSJ, SEC Split on Party Lines over Goldman Case

WSJ also has posted on its website Goldman's submissions last Sept. in response to the SEC's Wells Notice.  Essentially, it argued: no material misrepresentations; no evidence of negligence, much less scienter; and broker-dealers owe their clients a duty not to disclose their positions and strategy.