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FSA to investigate Goldman Sachs

The Financial Services Authority has announced it is to start a formal enforcement investigation into Goldman Sachs International following fraud allegations from the US Securities and Exchange Commission.

It emerged last week that the US financial watchdog has filed a civil suit against Goldman Sachs for structuring a transaction with hedge fund Paulson & Co, with Paulson & Co shorting the securities involved in the deal.

The SEC has alleged that Goldman Sachs failed to tell investors that the transaction had been set up in this way.

‬‪The FSA says it will be liaising closely with the SEC in its own investigation.

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  • jay 20th April 2010 at 5:17 pm

    FSA, as always where have you been for the last human calender years?

    Tell you what, leave Goldman Sachs alone, you already have ruined too many others in the industry. TCF begins at home, did didnt in yourcase, so tell you what leave the drama, we’ve seen too much of our tax money being wasted, your incompetent (impotent as well)

  • Bobby 20th April 2010 at 1:01 pm

    Good old FSA. Behind the ball as always. They really are a JOKE orgnaisation. Self serving and totally useless.

  • jay 20th April 2010 at 12:10 pm

    FSA, as always where have you been for the last human calender years?

    Tell you what, leave Goldman Sachs alone, you already have ruined too many others in the industry. TCF begins at home, did didnt in yourcase, so tell you what leave the drama, we’ve seen too much of our tax money being wasted, your incompetent (impotent as well)

  • Barry 20th April 2010 at 11:44 am

    O WELL well done fsa after the horse has bolted again, TCF!!! but at least your there to collect your tax O sorry fine

  • Barry 20th April 2010 at 11:43 am

    O WELL well done fsa after the horse has bolted again, TCF!!! but at least your there to collect your tax O sorry fine

  • P 20th April 2010 at 10:57 am

    Lets face it, the enquiry / court costs will be 10x the sum of the actual fine.

    These bankers need to be hit with big personal fines not corprate ones.