January 17, 2011
Goldman Closes Facebook Investment to U.S. Clients
Goldman Sachs announced that its U.S. clients will not have the opportunity to invest in the Facebook private placement because the deal had attracted so much attention from the press and scrutiny from the SEC. In a statement Goldman stated it was concerned that "the level of media attention might not be consistent with the proper completion of a U.S. private placement under U.S. law."
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