Days after the Securities and Exchange Commission secured a $550 million settlement from the banking giant Goldman Sachs, the agency’s chairwoman said Tuesday that the S.E.C. was pursuing several other investigations related to the 2008 financial crisis.
The chairwoman, Mary L. Schapiro, told reporters after a Congressional hearing that the S.E.C. had “a number of cases coming out of the financial crisis related to C.D.O.’s and other products” and involving Wall Street firms, banks and other financial institutions.
C.D.O.’s, or collateralized debt obligations, were the financial product at the center of the S.E.C.’s complaint, which accused Goldman Sachs of misleading investors in a subprime mortgage product as the housing market began to collapse.
Ms. Schapiro’s comments were the most direct signal yet that the S.E.C. was continuing to press for accountability and restitution related to the upheaval in financial and housing markets in 2007 and 2008, developments that were the catalyst for the sweeping regulatory overhaul that President Obama was expected to sign into law on Wednesday.
Full story: S.E.C. Pursuing More Cases Related to Financial Crisis – New York Times