Robert McMillan reports:
Federal agencies, including the U.S. Federal Trade Commission (FTC) and the U.S. Securities and Exchange Commission (SEC), have begun investigating Heartland Payment Systems following a massive data breach at the payment processing company.
Company President and CFO Robert Baldwin Jr. disclosed the investigations during Heartland’s quarterly conference call with investigators Tuesday, saying that the SEC had launched an informal inquiry into the company and that there is a related investigation by the Department of Justice. The U.S. Department of the Treasury’s Office of the Comptroller of the Currency (OCC), which regulates national banks and their service providers, has launched an inquiry, as has the FTC, he said.
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