WASHINGTON: The watchdog of the Securities and Exchange Commission has found no hard evidence that the SEC timed the announcement of its fraud case against Goldman Sachs to eclipse negative news about a separate case.
Inspector General David Kotz's report Wednesday was a response to demands from congressional Republicans who had questioned the timing of the Goldman charges. The SEC announced the charges on April 16, the same day it released Kotz's blistering report on the agency's failure to catch R. Allen Stanford's alleged Ponzi scheme.