SEC investigating Altera's dealings with analysts

MarketWatch is reporting late this afternoon that the US Securities and Exchange Commission is making inquiries of certain Wall Street analysts, investigating their dealings with ASIC manufacturer Altera. This news came by way of one analyst who spoke with MarketWatch:

According to the analyst, who said the letter came from the SEC's enforcement office in San Francisco, the agency is asking for records of communication with the company, and also whether the company sought to restrict such communication.

The agency is seeking any letters, emails or phone call recordings with Altera, said the analyst, who requested anonymity.