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The SEC is reportedly investigating Jared Kushner's family company over visa use

The Securities and Exchange Commission (SEC) has launched an investigation into Kushner Companies, the real estate empire belonging to the family of Jared Kushner, President Trump's son-in-law and senior adviser, The Wall Street Journal reported Saturday.

The previously unknown probe reportedly began this past May and focuses on the company's use of the EB-5 visa program, which awards green cards to immigrants who invest at least $500,000 in eligible U.S. businesses. It is not clear what investigators may believe was improper in Kushner Cos. use of the visa; a representative of the company denied all wrongdoing.

Jared Kushner resigned from his role at Kushner Cos. when he went to work at the White House, but he retains a financial stake in the business.