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San Diego Chargers Investigate Alleged Security Guard Masturbation (VIDEO)

The San Diego Chargers are investigating a video that seems to show a stadium security guard masturbating on the sidelines ... just a few feet away from the team's cheerleaders.

The video showed up on Facebook Monday ... the day after the Chargers played the Raiders in San Diego. The clip shows a guy in a red jacket, repeatedly jerking his hand while in the pocket of his pants.

We checked, and the the jacket he's wearing does match up with other guards -- who work for Elite Security -- in Qualcomm Stadium.

The team hasn't identified the guy in the video, but issued a statement saying .