SEC inspector general opens probe into timing of Goldman Sachs fraud charges

The Securities and Exchange Commission's (SEC) investigative office said Sunday it had begun an investigation into whether charges against Goldman Sachs were politically timed.

SEC Inspector General H. David Kotz wrote Rep. Darrell Issa (R-Calif.) on Sunday to notify the lawmaker that he had opened an investigation, at the congressman's request, into whether the commission's civil charges against the Wall Street giant were coordinated in order to boost the case for the Wall Street reform legislation before Congress.

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