OIG Report Clears SEC In Goldman Case

Law360, New York (October 13, 2010, 8:27 PM EDT) -- The U.S. Securities and Exchange Commission’s internal investigator cleared the agency and top Democrats Wednesday of timing fraud charges leveled against Goldman Sachs Group Inc. to aid the passage of the financial regulation reform bill.

SEC Inspector General David Kotz released a report on the investigation that found the timing of the SEC’s actions against Goldman was largely determined by the details of the case itself.

“The OIG has not found evidence indicating that the SEC's investigation of, or its action against, Goldman was intended to...
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