FSA to investigate Goldman Sachs

Following preliminary investigations:

"The Financial Services Authority (FSA) has decided to commence a formal enforcement investigation into Goldman Sachs International..."

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Goldman Sachs accused of subprime fraud

The Securities and Exchange Commission have charged Goldman, Sachs & Co. for:

"Defrauding investors by misstating and omitting key facts about a financial product tied to subprime mortgages as the U.S. housing market was beginning to falter..."

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