Access Control
& Security Systems

The Securities and Exchange Commission is investigating past accounting practices of RSA Security, Bedford, Mass.

The company said in a filing that the SEC has commended a formal investigation into matters relating to the company. RSA added it is cooperating fully with the investigation.

"The SEC has not concluded any wrongdoing on our part, and we don't believe there has been any wrongdoing on our part," said RSA chief executive Art Coviello.

RSA, which specializes in helping organizations build secure, trusted foundations for e-business through its two-factor authentication, authorization, encryption and public key management systems, saw the price of its stock shares fall after the announcement.

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