| Log In | Register Now
September 8, 2010 11:40 PM EDT
Goldman Sachs
The Financial Services Authority (FSA) and Goldman Sachs declined to comment.
The FSA launched an investigation into the U.S. investment bank in April after the U.S. Securities and Exchange Commission charged Goldman with civil fraud for misleading investors in a mortgage-backed security known as Abacus.
The BBC, without citing sources for its information, said Goldman Sachs failed to disclose that Fabrice Tourre, the trader who helped create the mortgage derivatives, was under investigation.
The Financial Times reported that the fine could be announced by the Financial Services Authority as early as Thursday morning.
Like us on Facebook
The biggest fine handed down by the FSA was a record 33.2 million pound fine against JPMorgan three months ago for failing to keep client money in separate accounts, according to the Financial Times.
(Reporting by Karolina Tagaris; Editing by Bernard Orr)
Diet Soda: Research Sparks Debate on Risks of Heart Disease, StrokePut down your diet soda and listen up. The bubbly zero calorie drink may increase your risk of heart disease, according to new research.
First Photos of Beyonce’s Baby Blue Ivy Carter Reignite Surrogacy Rumors [PHOTOS]The first photos of Beyonce's baby Blue Ivy Carter were released to the world on Friday by Beyonce and husband Jay-Z. The couple posted five photos one the Tumblr page "Hello Blue Ivy Carter.
Greece in Turmoil as EU Austerity Package Put on HoldGreece’s financial future in doubt after ministers look again at strict terms of European rescue package.
We value your privacy. Your email address will not be shared.
MF Global trustee sees $1.6 billion claims gap
![Maine Republican Caucus 2012: Ron Paul's Speech [FULL TEXT & VIDEO]](http://img.ibtimes.com/www/thumb/mainpage/116120-7458-u-s-rep-ron-paul-r-tx.jpg)
