Goldman Hopes To Avoid Fraud Charge In Any SEC Deal

Law360, New York (May 28, 2010, 10:18 AM EDT) -- The Goldman Sachs Group Inc. is reportedly looking to steer clear of a fraud charge in any settlement it reaches with the U.S. Securities and Exchange Commission, which has accused the bank of cheating investors in its mortgage-backed securities.

Goldman's attorneys have met with regulators at least once since the suit was filed in the U.S. District Court for the Southern District of New York on April 16, the Wall Street Journal reported Friday, citing people familiar with the negotiations.

While Goldman has repeatedly called the...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.