Regulators investigate Goldman's notice about SEC probeNews added by ProWEB Media on August 9, 2010
Gary Linnell

ProWEB Media

Joined: December 27, 2005

Regulators are investigating the timing of Goldman Sachs Group Inc's disclosure that the bank was the subject of a federal civil fraud probe, Goldman said.

Both the Financial Industry Regulatory Authority (Finra) and British regulator Financial Services Authority are looking into the bank's marketing of collateralized debt obligations tied to subprime mortgages in 2007.

The Securities and Exchange Commission charged Goldman with civil fraud over the matter, and Goldman recently paid $550 million to settle the charges.

According to Goldman, the most recent investigations include the timing of when those regulators were notified of the SEC probe.
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