Goldman Sachs Discloses SEC Will Not File Action Over RMBS Sales

On August 9, Goldman Sachs disclosed in its 10-Q that the Securities and Exchange Commission has decided not to recommend an enforcement action against Goldman for disclosures connected to $1.3 billion in residential mortgage-backed securities sold to investors in 2006.  Goldman had previously disclosed an investigation by the SEC and the February 24, 2012 receipt of a “Wells” Notice in its 2011 10-K.  The SEC informed Goldman of the decision not to proceed on August 6, 2012.  SEC Filing.