SEC Inspector Probing Timing of Goldman Settlement
This is a discussion on SEC Inspector Probing Timing of Goldman Settlement within the Law News forum, part of the FORUM INFORMATION category; The Securities and Exchange Commission's inspector general is extending a probe of the agency's recent civil-fraud settlement against Goldman Sachs ...
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Jul 22nd, 2010, 06:40 PM
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SEC Inspector Probing Timing of Goldman Settlement
The Securities and Exchange Commission's inspector general is extending a probe of the agency's recent civil-fraud settlement against Goldman Sachs to include the timing of the suit's settlement last week.
According to a story by the WSJ’s Kara Scannell (link not available), H. David Kotz, the internal watchdog of the SEC, disclosed the broadened investigation in a letter Thursday to Rep. Darrell Issa (R., Calif.). Kotz already was investigating the SEC’s filing of the suit against Goldman, which took place in April as the Senate was taking up the financial-regulation bill. The SEC lawsuit accused Goldman of misleading investors about a subprime mortgage product. More... |
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