, Goldman, Wells Fargo to Face SEC Scrutiny
The federal regulators warned Goldman Sachs Group Inc. and Wells Fargo & Co., the biggest U.S. home lender, of facing civil assertions attached to sales of mortgage-backed securities. The companies have been told that the U.S. Securities and Exchange Commission may take legal action against them in civil court over allegedly careless revelations of the risks of subprime mortgage bonds united to the financial crisis.
