Goldman may settle SEC suit, report claims

<p>Goldman Sachs may soon settle its fraud case with the U.S. regulator, the New York Post reported on Thursday, opting to end a legal fight rather than endure a repeat of the public flogging it received this week.</p>

 

Goldman Sachs may soon settle its fraud case with the U.S. regulator, the New York Post reported on Thursday, opting to end a legal fight rather than endure a repeat of the public flogging it received this week.

 

The Post report, citing sources familiar with the matter, said Wall Street’s top investment bank was mulling closing the fraud case with the U.S. Securities and Exchange Commission to limit damage to its reputation.

 

The SEC has filed a civil fraud suit against Goldman, charging that it hid vital information from investors about a mortgage-related security. Goldman has denied the charges.

 
 
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