NEW YORK, Feb. 23, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Goldman Sachs Group, Inc. GS due to allegations that Goldman Sachs has disclosed potentially materially misleading business information to the investing public.

SO WHAT: If you have purchased securities from Goldman Sachs, you may be entitled to compensation without paying out-of-pocket expenses or costs through a contingency fee arrangement. Law firm Rosen is preparing a class action lawsuit to recover investor losses.

WHAT TO DO NEXT: To participate in the prospective class action lawsuit, go to https://rosenlegal.com/submit-form/?case_id=11359 or call Phillip Kim, Esq. toll free at 866-767-3653 or by email pkim@rosenlegal.com or cases@rosenlegal.com for information about the Class Action.

WHAT IS THIS ABOUT: On January 20, 2023, during trading hours, The Wall Street Journal published an article titled “US Fed investigates Goldman Sachs’ consumer business.” The article states, “The Federal Reserve is reviewing whether Goldman Sachs Group Inc’s consumer business took appropriate safeguards as the bank expanded lending.” Street giant did not have adequate monitoring and control systems within Marcus, its consumer unit, as it grew.” The article added, “The investigation, which emerged from a Standard Fed review of the business in 2021, and has escalated into an investigation over the past year, also investigates customer damage cases and whether they have been properly resolved.”

On the news, Goldman Sachs fell $8.91, or 2.54%, to close at $341.84 on January 20, 2023.

WHY ROSES LAW: We encourage investors to select qualified advisors with a track record in leadership positions. Frequently, companies that issue notices do not have comparable experience, resources, or meaningful recognition from peers. A lot of these companies don’t really…