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A Goldman
Sachs sign is seen on at the company's post on the floor of
the New York Stock
Exchange, January 18, 2012. (Credit: Reuters/
Brendan McDermid)
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(Reuters) -
The Securities and Exchange Commission notified Goldman Sachs Group Inc that it
may file a civil case against the bank related to a $1.3 billion offering of
subprime mortgage securities, Goldman said in a regulatory filing on Tuesday.
Goldman
received the "Wells notice" on February 24 related to the bond deal,
which was underwritten by Goldman in 2006, according to the 10-K filing.
A Wells
notice indicates that SEC staff plans to recommend that the Commission take
legal action, and gives a recipient a chance to mount a defense.
The bank
said it will be making a submission to SEC staff "and intends to engage in
a dialogue" with them to address their concerns.
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