The Securities and Exchange Commission has asked the Justice Department to investigate alleged insider trading and other misconduct in the company that oversees the Dow Jones Industrial Average.
In a letter to the agency’s director, Robert Ray, acting SEC Commissioner Robert M. Capers said the agency was reviewing several reports from former and current SEC employees, regulators and outside law enforcement officials.
The agency is also investigating whether the companies involved violated federal securities laws, Capers wrote.
The SEC’s move comes as the agency prepares to release its own report on the financial turmoil in the energy and telecommunications industries and its role in driving down prices and slowing the economic recovery in the financial markets.
The report will be released Friday and will focus on the actions of the companies and the companies’ actions to improve the performance of their stock market.
The companies named in the letter include Enron and Citi, as well as other companies in the telecommunications industry.
Enron, the world’s largest energy company, lost $14 billion in market value when it collapsed in 2007.
Citi was founded in 1984 by David C. Cohen, who had been Citi’s chief financial officer at the time of the collapse.
The other companies are Enron Capital Management, Continental Resources, American Electric Power, AT&T, Capital One Financial, Delta Air Lines, General Electric, Hewlett Packard Enterprise, IBM, IBM Corp., LyondellBasell, Merck & Wilkins, Meritech Group, Mitsubishi Heavy Industries, National Instruments, PwC, Raytheon, Samsung Electronics, Sony Computer Entertainment, Sony Corp., Sprint, T-Mobile US, Verizon Wireless, and Walmart.