U.S. securities regulators are investigating and preparing to bring a civil case against Edwin K. Chin, a mortgage bond trader who was fired from Goldman Sachs Group Inc. in 2012, Bloomberg News reported yesterday. The U.S. Securities and Exchange Commission and the U.S. Justice Department have been cooperating on a probe of Chin’s activities at Goldman Sachs. The SEC is preparing the case, and the two sides may try to reach a settlement. Investigators found Chin may have inflated prices on mortgage bonds acquired by the bank, allowing him to trade the securities for a greater profit. The trades occurred after the 2008 financial crisis, according to sources.
