Goldman Sachs Group (NYSE:GS) and ETFs

Last week the U.S. Securities & Exchange Commission filed a civil lawsuit against Goldman Sachs Group (NYSE : GS) alleging fraud. And the news hit Wall Street like a volcano! Of course the SEC sues companies all the time. Goldman Sachs isn’t just any company, though. Goldman is big — very big — a financial Godzilla with unmatched power and vast political influence. The immediate reaction was that share prices plummeted 13 percent on April 16, wiping away about $10 billion of Goldman Sachs’ market value.…