Tags: sec | goldman | sec | case | watchdog

No Political Influence in SEC-Goldman Case-report

Wednesday, 13 Oct 2010 07:47 PM

 

WASHINGTON - A federal watchdog has concluded that the Securities and Exchange Commission was not politically motivated to file fraud charges against Goldman Sachs, according to a report released by the agency on Wednesday.

The SEC filed civil charges against Goldman in mid-April when Democrats were trying to pass financial regulation legislation. Some Republican lawmakers questioned the timing of the probe and suggested that the SEC filed the lawsuit to influence the legislative debate.

But according to a report by SEC Inspector General David Kotz the SEC was not influenced by the financial reform bill.

(Reporting by Rachelle Younglai; Editing by Bernard Orr)

© 2015 Thomson/Reuters. All rights reserved.

Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

ISIS Admits Defeat in Kobani

Saturday, 31 Jan 2015 08:56 AM

Members of the Islamic State group have acknowledged for the first time that they were defeated in the Syrian town of Ko . . .

Rick Perry: Senators Talk, But Governors Have Experience

Saturday, 31 Jan 2015 14:03 PM

Senators like to talk, but governors have to make choices every day, former Texas Gov. Rick Perry said, likely setting . . .

Automakers Recall More than 2M Vehicles for Faulty Air Bags

Saturday, 31 Jan 2015 13:23 PM

More than 2 million Toyota, Chrysler and Honda vehicles are being recalled for a second fix for faulty air bags that may . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved