Federal prosecutors are looking into whether to charge Goldman Sachs Group Inc. or its employees with criminal securities fraud, according to a Wall Street Journal report.
The report cited unnamed sources familiar with the probe. Neither Goldman nor the office of U.S. Attorney Preet Bharara would comment for the report.
Goldman Sachs had managed to rally to 160 dollars per share as we predicted here on Decoding Wall Street a few days ago. Now the stocks are under pressure trading in the low 150`s.
Related Stocks: Goldman Sachs Group, Inc. (Public, NYSE:GS)