Goldman Sachs sold $250 million of BP stock before spillBy John Byrne
Jun. 02, 2010
WATCH: Bernie Delegate Interviews Seat Filler at the DNC!
Austria: Syrian Migrant Caught 'Masturbating Next to Children's Playground'
Poll: Trump Takes Lead Over Hillary After Gaining 17 Points in Two Weeks
IRS Launches Investigation Of Clinton Foundation
Historic? Malia Obama Skips Hillary's DNC Speech for Lollapalooza Music Festival
Firm's stock sale nearly twice as large as any other institution; Represented 44 percent of total BP investment
The brokerage firm that's faced the most scrutiny from regulators in the past year over the shorting of mortgage related securities seems to have had good timing when it came to something else: the stock of British oil giant BP.
According to regulatory filings, RawStory.com has found that Goldman Sachs sold 4,680,822 shares of BP in the first quarter of 2010. Goldman's sales were the largest of any firm during that time. Goldman would have pocketed slightly more than $266 million if their holdings were sold at the average price of BP's stock during the quarter.