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...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.