Yesterday, Goldman Sachs agreed to pay $650K to settle SEC charges that it did not update on a timely basis Forms U-4 for 2 registered persons who received Wells notices from the SEC - (i) trader Fabrice Tourre;  and (ii) person unknown.  That mystery man turns out to be Jonathan Egol, Mr. Tourre's boss in the mortgage division, according to today's WSJournal, and probably numerous other publications.

Mr. Egol's Wells notice was received in January 2010.  Ultimately, the SEC did not charge Egol with any violations.  Goldman declined to comment on behalf of Mr. Egol, who's still at the firm.  Fabrice Tourre remains on paid leave from the firm.

    About Jonathan Egol.    He's reportedly known as having created the Abacus deal that was featured in the SEC's investigation - "Abacus" being the collateralized debt obligation that Goldman created with input from hedge-fund client Paulson & Co. - a fact that was not disclosed to potential investors. 

Mr. Egol is referred to simply as the "Goldman Manager" in a report by SEC Inspector General David Kotz on allegations that the timing of the SEC's charges against Goldman were politically motivated.  Mr. Kotz's report doesn't explain why the SEC decided not to charge the "Goldman Manager," but quotes testimony that there '"was a phenomenal amount of thought and care put into the decision" whether to charge the Goldman Manager."'   [WSJournal, 11/10]