SEC Watchdog To Probe Timing Of Goldman Settlement

Law360, New York (July 22, 2010, 6:22 PM EDT) -- The U.S. Securities and Exchange Commission's inspector general said Thursday that he would expand an ongoing investigation into the timing of the SEC's securities fraud action against Goldman Sachs Group Inc. to include the July 16 announcement that the parties had settled for $550 million.

The widening of the probe comes at the request of Rep. Darrell Issa, R-Calif., the ranking member of the House Oversight and Government Reform Committee, who sent SEC Inspector General David Kotz a letter Thursday asking him to look into recent...
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