Avon: SEC not calling
US securities regulators do not plan to take any action stemming from an investigation into whether Avon Products execs improperly shared information with analysts, Avon said yesterday.
The Securities and Exchange Commission told the company it doesn’t intend to recommend any enforcement action against the company, Avon said in a filing.
The disclosure follows a year-long probe that led to the firing of Avon’s former vice chairman, Chuck Cramb.
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