The Justice Department has narrowed its investigation into firms over the alleged rigging of the US Treasuries market, and Goldman Sachs is one of the firms revealed to still be subject to the probe. Federal investigators have reportedly gained access to a series of chats and emails from Goldman Sachs employees that appear to implicate them in manipulating the price of Treasury bonds. According to Bloomberg, federal prosecutors are looking at whether Goldman may have violated securities laws by helping clients hedge their exposure to risky mortgage-backed securities.
The Justice Department has narrowed its investigation into firms over the alleged rigging of the US Treasuries market, and Goldman Sachs is one of the firms revealed to still be subject to the probe. Federal investigators have reportedly gained access to a series of chats and emails from Goldman Sachs employees that appear to implicate them in manipulating the price of Treasury bonds. Officials are now probing into which other banks may be implicated by the emails and communications.