According to reports, David Kotz, an internal inspector for the SEC, began an investigation into whether politics had influenced the SECâs lawsuit against the investment bank earlier in the year.
Now the probe is to be expanded to include the timing of the recent settlement between the financial institution and the industry regulator.
The bank agreed to pay the SEC $550 million as part of a settlement reached on July 16th, the same day on which US President Barack Obamaâs financial reforms were passed in Congress.
Mr Kotz revealed that the investigation would be widened in a reply to a request from congressman Darrell Issa.
In the reply, quoted by The Street, the former wrote: âWe will seek review of the documentary evidence, including emails between and among the individuals who may have participated in or been aware of the timing of the SEC settlement.â
The SEC launched legal action against the bank earlier in the year after it claimed Goldman had misled investors over an investment product related to subprime mortgage securities.
By Jim Ottewill