Goldman faces auction probe

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Goldman Sachs added the offering and auction of securities, as well as 'when-issued trading', to a list of activities that regulators and other government bodies are investigating.

Bloomberg News reports that the bank made the disclosure Tuesday in a quarterly regulatory filing, without specifying which agencies or regulators are probing the items on the list.

The U.S. Justice Department has begun looking at possible collusion in the $12.7tril U.S. Treasury market after securing guilty pleas and more than $5bn in fines from global banks in a similar investigation of currency rigging, Bloomberg reported earlier this year.

Goldman Sachs is one of 22 financial firms accused in a July investor lawsuit of colluding to manipulate auctions of U.S. Treasuries. 

To access the complete Bloomberg News article hit the link below:

Goldman Sachs Faces Investigation Over Auction of Securities

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