SEC accuses Goldman of CDO investment fraud

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WASHINGTON, DC – Goldman Sachs is facing civil fraud charges from the US Securities and Exchange Commission (SEC) for allegedly making misleading statements and omissions relating to a synthetic collateralised debt obligation (CDO). German regulator Bafin and the UK Financial Services Authority (FSA) have also launched investigations into the bank’s conduct. The SEC lawsuit is focused on a CDO called Abacus 2007-AC1, which closed in April 2007. The complaint, filed on April 16 in the Southern

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