SEC looks into allegations against ex-HP head Hurd

Ex-HP chief executive Mark Hurd is under investigation by the Securities and Exchange Commission.HP on Tuesday confirmed that it was cooperating with the financial regulator.

Ex-HP chief executive Mark Hurd is under investigation by the Securities and Exchange Commission.

HP on Tuesday confirmed that it was cooperating with the financial regulator. "HP is cooperating fully with the SEC [Securities and Exchange Commission] on its investigation," HP said in a statement.

On Monday the Wall Street Journal reported that the SEC was investigating the circumstances of Mark Hurd's departure from computer maker HP and allegations of insider dealing.

The financial regulator is attempting to find out whether Hurd disclosed details of HP's acquisition of Electronic Data Systems in 2008 to a former HP employee before the deal was formally announced, according to the newspaper.

The SEC is looking at Hurd's use of expenses in his dealings with the HP female contractor who had bought allegations of sexual harassment against him, the WSJ wrote.

Hurd was the chief executive officer of HP until August, when he departed after the company investigated allegations of sexual harassment against him.