UK FSA & FINRA Whack Goldman Stock Some More

Goldman Sachs Group, Inc. disclosed Monday that it has received notices of investigations from FINRA and from the United Kingdom Financial Services Authority regarding its subprime mortgage dealings.

The company also revealed, in its quarterly filing with the Securities and Exchange Commission, that it has received requests for information from other unnamed regulators regarding the so-called CDO (collateralized debt obligation) offerings.

The SEC filed a civil complaint (pdf) against Goldman and one of its traders on April 16 over one CDO deal that occurred in 2007. The SEC alleged that Goldman made materially false and misleading statements to investors about the deal and seeks unspecified monetary penalties.

News reports claim Goldman is trying to settle the SEC suit even as the Department of Justice considers a criminal investigation.

Continue reading (Gulp!) Goldman Sachs Says It Expects Even More Lawsuits