Sallie Mae, Directors Face Numerous Investigations

Law360, New York (April 25, 2007, 12:00 AM EDT) -- Sallie Mae, the largest student lender in the United States, said Tuesday that the U.S. Securities and Exchange Commission is investigating stock trades made by at least two of the company’s directors.

Sallie Mae revealed in an SEC filing that the Philadelphia office of the Commission is investigating trading of SLM stock relating to the announcement of its acquisition by an investment group earlier this month. At the same time, the SEC is also conducting an investigation into stock trades of two company directors in the...
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