SEC news and archive

SEC sends Under Armour Wells notice

Under Armour has received a possible enforcement action from the SEC (Securities and Exchange Commission.). The notice in question is a Wells notice inquiring about the accounting treatment of Q3 and Q4 sales from 2016. Last week, on July 22, Under Armour's former CEO and current executive chairman, Kevin Plank, and their current CFO, David...

Business

US agency probes Alibaba on accounting

The US stock market regulator has opened an investigation into the accounting practices of Chinese online giant Alibaba, a company document showed. Alibaba said in a regulatory filing that the Securities and Exchange Commission had opened the probe "into whether there have been any violations of the federal securities laws." Among other things,...