A Securities and Exchange Commission employee is under investigation by the U.S. Justice Department for attempting to win a bribe from an executive at a company regulated by the nations top securities regulator, according to a Dow Jones Newswires report.
The investigation was disclosed in a report from the SECs Office of Inspector General. The name and employment status of the staff member were not disclosed.
"An office investigation developed evidence that a staff member had solicited a gratuity from an officer of a firm registered with the commission, after the staff member had conducted an examination of the firm and closed the examination without any findings," according to the report cited by Dow Jones.
The issue is still pending with SEC management, the report said.