US SEC, Goldman have not reached settlement-sources

WASHINGTON, May 21 (BestGrowthStock) – U.S. regulators and Goldman
Sachs Group Inc (GS.N: ) have not reached an agreement to settle
civil fraud charges, sources familiar with the matter said on
Friday.

Goldman’s stock was up as much as 5.4 percent earlier on
Friday on rumors of a possible settlement with the Securities
and Exchange Commission and a feeling that the shares could be
oversold, market sources said on Friday.

The SEC has accused Goldman of creating and marketing a
debt product linked to subprime mortgages without telling
investors that a prominent hedge fund helped choose the
underlying securities and was betting against them.

Investment Analysis

(Reporting by Rachelle Younglai; Editing by Lisa Von Ahn)

US SEC, Goldman have not reached settlement-sources