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.