The SEC Stance On Nature's Sunshine

Law360, New York (August 5, 2009, 1:45 PM EDT) -- On Friday, July 31, 2009, the U.S. Securities and Exchange Commission announced that it had filed a settled enforcement against Nature's Sunshine Products Inc. (“NSP”) and two individuals, Douglas Faggioli and Craig D. Huff.[1]

According to the SEC, the charges relate to cash payments made in 2000 and 2001 by the Brazilian subsidiary of NSP, a manufacturer of nutritional and personal care products, to import unregistered products into Brazil and the subsequent falsification of its books and records to conceal the payments.

The settlement is notable...
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