Investment news website TheStreet.com Inc said on Wednesday it was being investigated by the U.S. Securities and Exchange Commission.
The company, founded by Wall Street trader and television personality Jim Cramer, made the announcement in a form it sent to the SEC where it asked for more time to prepare its financial statements.
The probe, which is related to how revenue was recorded at a subsidiary called Promotions.com, was launched in March, 2010.
Website Zerohedge.com first reported the news.
A spokesman for TheStreet.com declined to comment on the investigation.
The probe arose after the company announced on January 25, 2010 that it was restating its financial results for 2008 and 2009 due to certain inaccuracies at the Promotions.com unit.
(Reporting by Svea Herbst-Bayliss and Aaron Pressman; editing by Andre Grenon)