Regulators have expressed concern that the huddles unfairly gave favored clients an advantage over other Goldman customers.

WSJ: Goldman Discloses CFTC Probe

Further north, a string of villages huddles along cliffs reached by a quiet loop off the main highway to the Romanian border.

BBC: The Black Sea by Moskvitch

Goldman representatives said in 2009 that ideas that came out of trading huddles were "market color" and "always consistent" with analysis in published research reports.

WSJ: Goldman Discloses CFTC Probe

In 2009, Massachusetts officials subpoenaed Goldman about the firm's weekly "trading huddles, " where research analysts gave traders stock tips, some of which were passed to Goldman clients.

WSJ: Goldman Discloses CFTC Probe

In fact, the SEC says, Goldman created a program dubbed the Asymmetric Service Initiative (ASI) in which analysts shared information and trading ideas from the huddles with select clients.

FORBES: Goldman Sachs Fined $22 Million For Favoring Select Clients

In a typical securities case, H5 huddles with lawyers and a corporate organizational chart to define the theory of the case and which employees might have taken part in it.

FORBES: The Data Explosion