SEC investigating whether activist funds colluded: Report

SEC probes activist hedge funds to see if they colluded: DJ
SEC probes activist hedge funds to see if they colluded: DJ   

The U.S. Securities and Exchange Commission is reportedly probing whether funds run by some activist investors worked together without disclosing their partnerships.

The Wall Street Journal, citing sources familiar with the matter, reported Thursday that the agency was investigating if such team-ups occurred and if they could have violated securities rules.

The report said that the agency's enforcement division has "recently opened multiple investigations and sent requests for information to a number of hedge funds." The Journal said it could not immediately determine the funds or the companies they could have targeted.

For more on the reported SEC investigation, see the Journal's report.