Goldman Sachs 'in new probe'
By Joshua Gallu and Christine Harper | China Daily | Updated: 2010-06-11 07:47
Source: SEC looking at Hudson CDO sold in 2006
WASHINGTON - Goldman Sachs Group Inc's $2 billion Hudson Mezzanine collateralized debt obligation (CDO), sold in 2006, is the target of a probe by the Securities and Exchange Commission, according to a person with knowledge of the matter.
The inquiry into the CDO may not lead to any additional actions against the New York-based securities firm, said the person, who declined to be identified because the investigation isn't public. Michael DuVally, a spokesman for Goldman Sachs, declined to comment, as did SEC spokesman John Nester. The Financial Times reported the probe on Wednesday.
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