NEW YORK -- New York City's comptroller has asked the Securities and Exchange Commission and the Justice Department to investigate whether Wal-Mart illegally spied on some of its shareholders.
The request follows reports in The Wall Street Journal that the giant retailer had an internal security team that secretly investigated employees and critics, including shareholders expected to challenge some of the company's policies at an annual meeting.
The company did not immediately respond Wednesday to a request for comment
In letters to government officials, New York City Comptroller William C. Thompson said his office, which controls $400 million worth of Wal-Mart stock through government pension funds, was among those targeted by the surveillance effort.
In letters to government officials, New York City Comptroller William C. Thompson said his office, which controls $400 million worth of Wal-Mart stock through government pension funds, was among those targeted by the surveillance effort.
Thompson called Wal-Mart's surveillance activities "ill-considered and possibly illegal" in the April 9 letters to SEC Chairman Christopher Cox and Deputy Attorney General Paul McNulty. More on the story.
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