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Monday, April 19, 2010

Goldman scandal: Firm may have known about charges for 9 months

Goldman Sachs Group Inc (NYSE: GS) was warned about pending charges against it as early as nine months before the SEC charges were brought.

SEC rules apparently do not require a public company to disclose the receipt of a Wells Notice from the agency. The notice is an indication that charges will be filed and a chance for the firm in question to make an argument for why it should not be.

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