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Sallie Mae Says SEC Probing Subsidiary

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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.

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