Avon Is Facing An Undisclosed SEC Investigation, Says Probes Reporter
On Tuesday, Probes Reporter, an independent investment research firm that focuses on public company interactions with the SEC, pointed out that there exists a "confirmed," but "undisclosed" SEC investigation into Avon Products.
"The SEC's confirmation of on-going enforcement proceedings in Aug-2015 could be something new," Probes Reporter wrote.
Three Years Of Investigations
Probes Reporter continued that it has been following both disclosed and undisclosed SEC investigations against Avon since October 2012. In letters dated December 17, 2014, and August 18, 2015, the SEC has "confirmed this company's involvement in on-going enforcement proceedings."
'No New' Activity
The report further noted that Avon "made no new disclosures of SEC investigative activity" since the conclusion of an investigation in December 2014. In addition, the investigation confirmed on August 18, 2015, "appears unrelated" to the previous disclosure.
Finally, Probes Reported stated: "All we know about the SEC probe at this time is that it somehow pertains to the conduct, transactions, and/or disclosures of Avon Products, Inc."
Shares of Avon were trading lower by 0.52 percent mid-Wednesday afternoon at $3.79, after trading most of the day in positive territory and touching above the $4.00 per share mark.
Avon didn't immediately respond to a request for comment.
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