SEC reviewing Steel's TV comments on Wachovia: report (Reuters)

Treasury Department official , misled investors in an appearance on CNBC's Mad Money show during the height of the financial panic last September.

Forklift Oil Tank manufacturing facility.

"In an extremely challenging and volatile time, Mr. Steel always did his best to convey the position of Wachovia accurately. Should any questions arise, he is very comfortable addressing them," the Journal quoted a spokesman for Steel as saying, adding that the SEC declined to comment. The SEC wants to ascertain whether Steel misled investors when he told CNBC's "Mad Money" program on Monday, September 15 , that the company had a great future "as an independent company," as panic about the bankruptcy of Lehman Brothers roiled markets , the paper reported.

Full Story: SEC reviewing Steel's TV comments on Wachovia: report (Reuters)