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Bonneville Seattle is raising funds for the construction of a second Fisher House at Joint Base Lewis-McChord in Tacoma and we need your help.News Summary: Report says SEC probes Herbalife
January 9, 2013 @ 3:08 pm
(AP) - SEC SEEKERS: The Wall Street Journal reports that the Securities and Exchange Commission has launched a probe into Herbalife Ltd. The newspaper cited an unnamed person close to the inquiry.
TIP OF THE PYRAMID? Herbalife has been facing investor questions about its business model. Last month, Pershing Square Capital Management's William Ackman said he was shorting the stock for several months after concluding that the company is a pyramid scheme.
APPEAL TO ANALYSTS: Herbalife vehemently denies that it is a pyramid scheme. It plans to meet with analysts and investors Thursday to discuss its business model.
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
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Bonneville Media encourages site users to express their opinions by posting comments. Our goal is to maintain a civil dialogue in which readers feel comfortable. At times, the comments can descend to personal attacks. Please do not engage in such behavior. We encourage your thoughtful comments which: have a positive and constructive tone, are on topic, are respectful toward others and their opinions. Bonneville reserves the right to remove comments which do not conform to these criteria.