FSA to investigate Goldman Sachs
The Financial Services Authority (FSA) has decided to commence a formal enforcement investigation into Goldman Sachs International following claims by the Securities and Exchange Commission (SEC).
America's financial regulator, the SEC, alleges that Goldman Sachs failed to disclose conflicts of interest. The claims concern Goldman's marketing of sub-prime mortgage investments just as the US housing market faltered.
Goldman Sachs has rejected the SEC's allegations, saying that it would "vigorously" defend its reputation.
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