BP says DOJ, SEC probe trading around oil spill

(Reuters) – BP Plc said the Securities and Exchange Commission and the Justice Department had launched a probe into market trading connected to the oil giant’s Gulf of Mexico oil spill.

“The Securities and Exchange Commission and DoJ are conducting informal inquiries into securities matters arising in relation to the incident,” the company said in a statement on Tuesday.

A company spokesman declined to give any comment on the details of the inquiries. Representatives for the SEC and the Justice Department also declined to comment.

Rueters
7/27/10