Under Armour receives SEC notice following accounting probe

At issue in the SEC investigation is Under Armour’s ‘disclosures regarding the use of pull forward sales in order to meet sales objectives’ © REUTERS

Under Armour has received a notice from the US Securities and Exchange Commission indicating the regulator intends to bring enforcement action against the sportswear maker for alleged potential violations of federal securities law, according to a regulatory filing.

Link to Original Story

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.