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Consider the decisions leading up to the Enron scandal, where financialstatements were manipulated, betraying shareholders' trust. Goldman Sachs's reputation was tarnished after the SEC lawsuit in 2010 related to the marketing of a subprime mortgage product.
Over the past two decades, several critical financialmarket regulations have been implemented globally, particularly in response to the 2008 Global Financial Crisis (GFC). The years following 2008’s GFC experienced continued financial regulatory reform.
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