Cisco probed by SEC, Justice Department over Russia unit

|About: Cisco Systems, Inc. (CSCO)|By:, SA News Editor

Cisco Systems (CSCO) says it has started a bribery related investigation into its operations in Russia and neighboring countries at the request of the Securities and Exchange Commission and the Department of Justice.

CSCO disclosed the probes in a Feb. 20 SEC filing, which said the company or its resellers may have violated the U.S. Foreign Corrupt Practices Act.

CSCO does not believe the results will have a material effect on its finances.