Sallie Mae Says SEC Probing Subsidiary
From Bloomberg News
SLM Corp., the student-loan company known as Sallie Mae, said the Securities and Exchange Commission was investigating accounting in a recently acquired subsidiary.
“While the amounts in question appear to be less than $100,000, the company and its audit committee take such matters very seriously and are taking all appropriate actions,†Reston, Va.-based Sallie Mae said.
The SEC declined to comment.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
