SEC's Inspector General to Investigate Timing of Suit Against Goldman Sachs

The SEC's Inspector General David Kotz will initiate an investigation examining the SEC’s decision to move forward with action against Goldman Sachs, according to a letter he sent to Rep. Darrell Issa, R-Calif.

Issa and eight other Republicans penned a letter last week to Kotz asking whether politics have "unduly influenced" the decision to file the complaint, which comes as Senate Democrats push this week for a vote on a major overhaul of financial regulations.

Kotz confirms 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," sayd Kotz in his response.

He said they will also "seek to conduct interviews of all persons with potential knowledge of the facts and circumstances regarding this matter, including those outside of the SEC."