Shares of SciClone (Nasdaq: SCLN) are taking a tumble this morning as the company reported that they have been contacted by the U.S. SEC for an investigation. Shares are down 31% to $2.40 in the morning session.

According to the company’s Q210 earnings press release: “Subsequent to the end of the quarter, as disclosed in the Company’s 10Q to be filed today with the Securities and Exchange Commission (SEC), SciClone has been contacted by the SEC and advised that the SEC has initiated a formal, non-public investigation of SciClone. The Company has also been contacted by the Department of Justice (DOJ) who requested that the Company meet with the DOJ regarding its compliance with the Foreign Corrupt Practices Act (FCPA)…The Company intends to fully cooperate with the SEC and the DOJ in these matters.”

via StreetInsider.com – SciClone (SCLN) Tumbles on SEC Investigation, U.S. DOJ FCPA Compliance Issues.