Nu Skin Enterprises Has a Confirmed & Undisclosed SEC Probe

PROBESREPORTER.com is today reporting:

Quote:

Nu Skin Enterprises Has a Confirmed & Undisclosed SEC Probe - Now What?

Submitted by Probes Reporter on Tue, 2014-11-04 20:41
NUS
SEC Letter Confirming Nu Skin Investigation

Probes Reporter Perspective reports identify and summarize those SEC-related risk factors that we believe hold the potential to destabilize a company, distract its management, and/or interfere with underlying fundamentals. Our reports otherwise take no view on a public company’s fundamental outlook or whether you should buy, sell, or hold its securities. They are typically based on a combination of public company disclosures and/or documents we acquired from the SEC under the Freedom of Information Act (FOIA).
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Nu Skin Enterprises, Inc.(NUS)

Probes Reporter Perspective

PR’s Perspective: Nu Skin Enterprises has a recently confirmed but undisclosed SEC probe. The company could disclose this with earnings tomorrow. Or, perhaps, they will stay silent. This report will give you the information you need to press Nu Skin regarding SEC risk, whether or not they disclose an SEC probe tomorrow.

See below for the difference between a "Possible" versus "Confirmed" SEC probe.

The Facts: Confirmed Undisclosed SEC Investigation. In a letter dated 24-Sep-2014, the SEC cited the "law enforcement exemption" of the FOIA as basis to deny the public access to the detailed records we sought on this company. As a matter of law, they are acknowledging some sort of investigative activity.

This is a change from a reply we received 12-Nov-2013 at which time no signs of recent SEC investigative activity were found.

We filed an administrative appeal to challenge this denial. In our experience, about two-thirds of these SEC responses are confirmed on appeal.
This is one of them.

In a letter dated 08-Oct-2014 (posted here), the SEC confirmed that this company was somehow involved in a recently active and ongoing investigation. A confirmed investigation is the highest standard we can achieve regarding undisclosed SEC activity at a public company. No disclosures of SEC investigative activity were found in the past two years of this company’s SEC filings.

Nu Skin Enterprises is now added to our Watch List of companies with undisclosed SEC probes.

You can read the entire original report here on ProbesReporter.COM