The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Fed Watchdog Finds No Anti-Goldman Conspiracy Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, October 14, 2010

Fed Watchdog Finds No Anti-Goldman Conspiracy

News summary by MFWire's editors

The Securities and Exchange Commission is breathing a sigh of relief after an audit of its fraud lawsuit against Goldman Sachs Group Inc. turned up clean.

The Wall Street Journal picked up on a 77-page report report by SEC Inspector General H. David Kotz that found no evidence of that the timing of the SEC's lawsuit against Goldman was politically motivated.

Contrary to what the SEC's critics have claimed, the report found that the SEC was not attempting to influence Congress' discsussion of a financial-regulation bill.

Kotz also reportedly found no evidence that the SEC shared information with the media about the Goldman probe before it filed the suit.

"This report reaffirms that the case was brought on the merits and only on the merits," an SEC spokesperson was quoted as saying.

Goldman settled the case on July 15, agreeing to pay a $550 million and acknowledging a mistake in selling mortgage-linked securities to investors without disclosing the role of a hedge fund on the other side of the trade.  

Edited by: Hung Tran

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use