Goldman Sachs (GS) announces it's under investigation by the SEC in connection with an act of...

|About: Goldman Sachs Group Inc. (GS)|By:, SA News Editor

Goldman Sachs (GS) announces it's under investigation by the SEC in connection with an act of bribery, with reports saying the infraction relates to the firm's dealing with a Libyan fund. The focus is on a $50M fee Goldman proposed to forward to an advisor to help a fund recoup losses, a payment that could be a violation of the U.S. Foreign Corrupt Practices Act.