Last year, the company said it was cooperating with federal investigators in connection with a probe about whether it shifted sales from quarter to quarter to meet objectives. While a Wells notice does not necessarily mean the recipients have violated any law, the SEC issues the letter to firms when it is planning to bring an enforcement action against them. A filing on Monday showed that the staff of the SEC is recommending that the regulatory body file an enforcement action against the company, founder and executive chairman Kevin Plank and Chief Financial Officer David Bergman, that would …read more
Source:: Yahoo Finance
