In a statement an SEC spokesman said: Regarding the reports of a preliminary inquiry by the SEC into IBM, the SEC staff opened an inquiry and closed it without action shortly thereafter, in February.
The statement from the SEC was a significant departure from its usual policy of only saying it will neither confirm nor deny that it is conducting an investigation.
The IBM probe continued a series of investigations by the SEC into technology and telecoms companies. However the Government agency has denied it is paying more attention to the sector than any other.
