Avon Safe From SEC Action Over Financial Analyst Contacts

Law360, New York (September 13, 2012, 9:30 PM EDT) -- The U.S. Securities and Exchange Commission has decided not to take any action against Avon Products Inc. after an investigation into potentially improper contacts with financial analysts, the cosmetics giant said Thursday.

Avon disclosed in an SEC filing that the company was advised Tuesday by the agency's staff that they did not intend to recommend any enforcement action against the company.

An Avon representative declined to comment further on the disclosure.

Avon revealed the investigation in a quarterly report last October that said it had received...
To view the full article, register now.