Goldman to Settle With S.E.C. for $550 Million

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Dealbook: Goldman to Settle With S.E.C. for $550 Million

Goldman Sachs has agreed to pay $550 million to the Securities and Exchange Commission to settle charges of securities fraud linked to mortgage investments sold to investors, a person briefed on the matter told The New York Times's Edward Wyatt. Under the terms of the deal, Goldman will pay $300 million in fines to the S.E.C., with the rest serving as restitution, this person said. Goldman will not admit wrongdoing. The S.E.C.'s director of enforcement, Robert Khuzami, is scheduled to hold a press conference late Thursday afternoon. Copyright 2010 The New York Times Company -0- Jul/15/2010 20:17 GMT

xiaochong

典型的sell on news， tomorrow will drop back, I think

xiaoyaoxl

maxpain 145??