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FCIC Threatens Goldman With Derivatives Audit

First Posted: 07/26/10 12:06 PM ET Updated: 05/25/11 06:10 PM ET

Fcic Threatens Goldman


While Goldman Sachs (GS) has settled Securities and Exchange Commission civil fraud charges over its Abacus synthetic collateralized debt obligation transaction with a $550 million fine, its dispute with the Financial Crisis Inquiry Commission is ongoing. The FCIC now says it's considering sending in outside accountants to audit Goldman's systems for data on its derivatives business, the Financial Times reports.

Read the whole story: DailyFinance

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Filed by Nate C. Hindman  |