The US financial regulator will attempt to prove it can win high-profile cases related to the credit crunch this week when a former Goldman Sachs trader nicknamed "Fabulous Fab" goes on trial. The Securities and Exchange Commission (SEC) alleges that Fabrice Tourre misled investors when he was a vice-president at the bank in 2007. Some of the evidence in the civil fraud trial could reopen the debate over Wall Street's accountability during the credit crunch, while Tourre could face a fine or a ban from the securities industry. Judge Katherine Forrest of the federal district court in Manhattan has said she is likely ... (full story)