The US Securities and Exchange Commission (SEC) will be
confident of success and Goldman Sachs will not settle in the
Abacus 2007-AC1 matter, according to a former SEC lawyer.
These are very serious allegations with lots of money
involved, said Steven Thel, professor of law at Fordham
University and former lawyer in the General Counsel office at
the SEC. The SEC wouldnt even think about this kind
of action unless it thought it was going to win.
When regulators make...