SEC Probes Former Herbalife Employee

CNN Money:

"The company described the target of the probe as a 'former midlevel employee' and said it does not believe that the trades involve the company.

Herbalife said it received the request for documents related to its distributors on Thursday. According to the company, the SEC said the inquiry should not be construed as an adverse reflection on the company, or as an indication that a violation of law has occurred.

Herbalife said it is cooperating with the SEC in both matters."