The Securities and Exchange Commission (SEC) has dropped plans to seek a civil enforcement action against Goldman Sachs over a $1.3 billion subprime mortgage deal.
The regulators have spent the last six months looking into claims that Goldman deceived investors about the quality of the securities it sold in 2006. The firm received SEC confirmation on Aug. 6 that it had been cleared of wrongdoing.
The author of this article is: realtormag.realtor.org
See the original post at: http://realtormag.realtor.org/daily-news/2012/08/10/goldman-sachs-cleared-in-mortgage-probe
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