SEC probes ties of formar Mass. official, Goldman exec

The US Securities and Exchange Commission is investigating dealings between former Massachusetts Treasurer Timothy Cahill and a former top aide who now works at Goldman Sachs.
Regulators sent subpoenas to the current Massachusetts'' treasurer late on Friday requesting emails, phone records and other documents related to the the probe, a spokesman for Treasurer Steve Grossman said on Monday. Barry Nolan said the office is cooperating fully with the request but declined to comment further about exactly what the government is looking for.
The spokesman said the SEC''s probe currently has no impact on the state''s ability to raise money.