The SEC’s inspector general, David Kotz, will begin an investigation into the SEC’s decision to mov forward with a suit against Goldman Sachs Group Inc (NSE: GS), according to a letter that he sent to Rep. Darrell Issa (R-CA).
Issa, along with eight other Republicans, wrote a letter to Kotz last week asking whether or not politics have “unduly influenced” the decision to file suit against Goldman Sachs, which comes as congressional Democrats push for a major financial regulatory overhaul.
Kotz confirmed the investigation is a direct result of Issa’s request.
“At your request, we have opened an investigation into the serious allegations that you describe in your letter. We will seek review of documentary evidence, including e-mails between and among the individuals who may have participated in or been aware of the timing of the SEC action brought against Goldman,” said Kotz in his response.
Kotz also said that the he will “seek to conduct interviews of all persons with potential knowledge of the facts and circumstances regarding this matter, including those outside of the SEC.”
