SEC Charges Under Armor, Who Agrees to Settlement
May 4, 2021 / / Comments Off on SEC Charges Under Armor, Who Agrees to Settlement
Under Armour Inc. was charged by the Securities Exchange Commission1 “with misleading investors as to the bases of its revenue growth and failing to disclose known uncertainties concerning its future revenue prospects.” The company is alleged to have moved revenues between quarters to deceive investors. The SEC has accepted a $9 million settlement.
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1 – https://finance.yahoo.com/news/under-armour-settle-sec-inquiry-215843364.html