U.S. SEC says Goldman to remain eligible issuer

NEW YORK, July 26 (BestGrowthStock) – The U.S. Securities and
Exchange Commission said Goldman Sachs Group Inc (GS.N: ) will be
allowed to continue to issue securities after settling civil
fraud charges earlier this month, according to a letter posted
to its website on Monday.

Goldman’s status as an eligible issuer was brought into
question by an SEC lawsuit stemming from Goldman’s packaging
and marketing of the Abacus 2007 collateralized debt
obligation. On July 15, The Wall Street firm agreed to pay $550
million to settle the case, while acknowledging some mistakes.

As the firm stopped short of admitting to the SEC’s
allegations, its status as an eligible issuer was not in
jeopardy, according to the letter.

Goldman, in a letter to the SEC dated July 15, had
requested that the company not be considered an “ineligible
issuer” as a result of its settlement with the SEC.

Stock Investing

(Reporting by Steve Eder; Editing by Richard Chang)

U.S. SEC says Goldman to remain eligible issuer