Goldman Sachs faces investigation over auction of securities

November 4, 2015 by Michael J. Moore

(Bloomberg) — Goldman Sachs Group Inc. added the offering and auction of securities, as well as “when-issued trading,” to a list of activities that regulators and other government bodies are investigating.

The bank made the disclosure Tuesday in a quarterly regulatory filing, without specifying which agencies or regulators are probing the items on the list. The U.S. Justice Department has begun looking at possible collusion in the $12.7 trillion U.S. Treasury market after securing guilty pleas and more than $5 billion in fines from global banks in a similar investigation of currency rigging, Bloomberg reported earlier this year. Click HERE to read article 

Originally Posted at LifeHealthPro on November 3, 2015 by Michael J. Moore.