Illumina under SEC investigation over GRAIL acquisition
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The SEC is investigating Illumina (NASDAQ:ILMN) in relation to its acquisition of GRAIL, which was announced in 2021.
Illumina made the disclosure in a 10Q filing after Thursday's closing bell. The company was notified in July of the probe.
Illumina (ILMN) says the SEC is asking for documents and communications related to the acquisition, and statements and disclosures concerning GRAIL, its products and the acquisition. The agency is also digging into the conduct and compensation of some members of Illumina (ILMN) and GRAIL management.

In April, the Federal Trade Commission ordered Illumina (ILMN) to divest GRAIL, citing competition concerns.

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