Goldman Under Investigation in U.S. and Britain

NY Times blog:



Goldman Sachs is under investigation by United States and British watchdogs over the timing of disclosures relating to the Securities and Exchange Commission’s fraud charges against the firm, The Telegraph reported.

Last month, the bank agreed to pay $550 million to settle the charges, but is being investigated by the Financial Services Authority in London and the Financial Industry Regulatory Authority in New York, which are believed to be examining whether the bank should have told investors sooner that it was under scrutiny by the S.E.C., the newspaper said.

The financial authorities are also still looking into Goldman’s Abacus 2007-AC1 debt product, which was the subject of the S.E.C.’s original charges.