Goldman Sachs Discloses SEC Will Not File Action Over RMBS Sales

more+
less-
more+
less-
Explore:  Goldman Sachs RMBS SEC

On August 9, Goldman Sachs disclosed in its 10-Q that the Securities and Exchange Commission has decided not to recommend an enforcement action against Goldman for disclosures connected to $1.3 billion in residential mortgage-backed securities sold to investors in 2006. Goldman had previously disclosed an investigation by the SEC and the February 24, 2012 receipt of a “Wells” Notice in its 2011 10-K. The SEC informed Goldman of the decision not to proceed on August 6, 2012. SEC Filing.

Topics:  Goldman Sachs, RMBS, SEC

Published In: Business Torts Updates, Finance & Banking Updates, Securities Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Orrick - Structured Finance Group | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »