SEC Defends Itself From Republicans

WASHINGTON (CN) - The SEC enforcement action against Goldman Sachs "was brought on the merits and only on the merits," a Commission spokesman said in a statement issued with an 82-page report on its investigation. The SEC's Office of Inspector General wrote the report at the insistence of U.S. Rep. Darrell Issa, R-Calif., and other Republicans, who alleged that the SEC had timed its action "to affect debate of the financial regulatory reform legislation pending before the United States Senate."

Subscribe to Closing Arguments

Sign up for new weekly newsletter Closing Arguments to get the latest about ongoing trials, major litigation and hot cases and rulings in courthouses around the U.S. and the world.

Email *

Submit