SEC Watchdog To Probe Timing Of Goldman Suit

Law360, New York (April 26, 2010, 3:22 PM EDT) -- U.S. Securities and Exchange Commission Inspector General David Kotz has announced that his office will investigate allegations that the SEC tipped off White House officials about its civil complaint against Goldman Sachs Group Inc. to sway popular opinion in favor of financial regulatory reform.

Kotz said Sunday that his office would undertake the probe at the request of House Oversight and Government Reform Committee ranking member Darrell Issa, R-Calif., who raised alarms last week about the “suspicious circumstances” surrounding the timing of the SEC's announcement that...
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