Economy Briefs: Natural gas prices surge on smaller supply report
NEW YORK — The Securities and Exchange Commission has decided not to file charges against Goldman Sachs over a $1.3 billion subprime mortgage portfolio.
Goldman and other banks packaged risky mortgages into securities to sell to investors in the run-up to the financial crisis. They’ve been accused of misleading investors about the risks.
The SEC had notified Goldman in February that it was looking into the bank’s disclosures about this mortgage portfolio, which the bank created in 2006. Other media outlets reported that it was known as the Fremont mortgage portfolio.
Facebook has new email address for phishing scams
NEW YORK — Facebook has created an email address for people to report scams.
Known as phishing, such emails attempt to get passwords and other information by pretending to come from a legitimate business. Because many people use the same passwords at banking and other sites, someone who gets account information for Facebook can log on elsewhere.
Facebook says it will report scams to outside security companies and notify blacklists that Internet companies keep to block malicious websites. It will also prevent users from posting such links on Facebook.
• From wire dispatches and staff reports