SEC Says Not Ruling Out Future Action Against Goldman Sachs

A source close to the matter at the Securities and Exchange Commission tells FOX Business the agency could bring more civil charges against Goldman Sachs (GS) if revelations out of a new Senate report warrant them. The Senate Permanent Subcommittee on Investigation's report, issued Wednesday, alleged that Goldman Sachs misled investors about the health of rotten mortgage-backed securities, as well as lawmakers about its conduct, including that it allegedly didn't disclose to clients that it had a “big short” position against the housing market while touting investment products that were bullish on the sector. Continue reading the article.