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Judge seals Goldman’s SEC deal
Manhattan district judge Barbara Jones yesterday gave the thumbs-up to the $550m (£362m) compensation arrangement between?Goldman?Sachs and the US Securities and Exchange Commission. Goldman Sachs was fined as punishment for allegedly deceiving investors during the structuring of Abacus, a sub-prime mortgage-backed collateralised debt obligation. Abacus was designed with input from hedge fund investor John Paulson, who was planning to sell the instrument short.