# Prof. Roy Smith discusses Goldman Sachs's policy change on staff investments

1 Faculty News September 30, 2014>

Excerpt from [Bloomberg](http://www.bloomberg.com/news/2014-09-30/citigroup-said-to-review-trading-rules-after-goldman-move.html) -- "'It’s six years after the crisis and they are still facing continued litigation, so if you were in that foxhole wouldn’t you do something?' said [Roy Smith](http://www.stern.nyu.edu/faculty/bio/roy-smith), a finance professor at New York University’s Stern School of Business and a former Goldman Sachs partner. 'You protect yourself by causing these restrictions.'"

[Read more](http://www.bloomberg.com/news/2014-09-30/citigroup-said-to-review-trading-rules-after-goldman-move.html)