Republicans sent a letter to the Securities and Exchange Commission Tuesday suggesting the agency's civil lawsuit against financial giant Goldman Sachs has created "serious questions" about the SEC's "independence and impartiality."
Republicans sent a letter to the Securities and Exchange Commission Tuesday suggesting the agency's civil lawsuit against financial giant Goldman Sachs has created "serious questions" about the SEC's "independence and impartiality."
In a letter penned to the SEC on Tuesday, Rep. Darrell Issa, R-Calif., and eight others wondered whether politics have "unduly influenced" the decision to file the complaint, which comes as Senate Democrats push this week for a vote on a major overhaul of financial regulations.
"The events of the past five days have fueled legitimate suspicion on the part of the American people that the commission has attempted to assist the White House, the Democratic Party and congressional Democrats by timing the suit to coincide with the Senate's consideration of financial regulatory legislation, or by providing Democrats with advance notice," Issa wrote in his letter to SEC Chairwoman Mary Schapiro
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