SEC inspector general opens probe into timing of Goldman Sachs fraud charges


The Securities and Exchange Commission’s (SEC) investigative office said Sunday it had begun an investigation into whether charges against Goldman Sachs were politically timed.

Rep. Issa has been calling for an investigation

SEC Inspector General H. David Kotz wrote Rep. Darrell Issa (R-Calif.) on Sunday to notify the lawmaker that he had opened an investigation, at the congressman’s request, into whether the commission’s civil charges against the Wall Street giant were coordinated in order to boost the case for the Wall Street reform legislation before Congress.

“At your request, we have opened an investigation into the serious allegations that you describe in your letter,” Kotz wrote to Issa, the top GOP member of the House Oversight and Government Reform Committee.

Kotz said he would seek any documents relevant to the investigation, and would conduct interviews “of all persons with potential knowledge of the facts and circumstances regarding this matter, including those outside of the SEC.”

Read More: By Michael O’Brien, The Hill


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