Financial Regulatory Forum

   LONDON, April 20 (Reuters) – Britain’s financial regulator started a formal enforcement investigation into Goldman Sachs <GS.N> on Tuesday, four days after U.S. regulators filed a fraud case against Wall Street’s biggest investment bank.
   “Following preliminary investigations the Financial Services Authority (FSA) has decided to commence a formal enforcement investigation into Goldman Sachs International in relation to recent SEC allegations. The FSA will be liaising closely with the SEC in this review,” the UK regulator said in a short statement.
   The U.S. Securities and Exchange Commission has accused Goldman of hiding from investors the fact that a prominent hedge fund manager was betting against a subprime mortgage product that he helped create. [ID:nN19193616]
   (Reporting by Steve Slater; editing by Douwe Miedema) ((steve.slater@reuters.com; +44 207 542 4367; Reuters Messaging: steve.slater.reuters.com@reuters.net))
 Keywords: GOLDMAN/    
  
For Related News, Double Click on one of these codes:[E] [U] [NAW] [C] [D] [M] [O] [T] [OIL] [NAT] [UKI] [PSC] [RNP] [DNP] [PCO] [PCU] [EMK] [INVB] [FIN] [BNK] [FUND] [GB] [DE] [US] [REGS] [CRIM] [NEWS] [BISV] [FINS] [INVS] [EUROPE] [WEU] [CEEU] [EZC] [BACT] [CLJ] [GEN] [PIL] [LEN] [RTRS] [GS.N]
 For Relevant Price Information, Double Click on one of these codes:<GS.N>
 Tuesday, 20 April 2010 10:14:14RTRS [nLDE63J0TP] {EN}ENDS