Under Armour executives receive Wells notice from SEC

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Under Armour Inc disclosed on Monday that its top executives had received a Wells notice from the U.S. Securities and Exchange Commission related to an investigation about the sportswear maker's accounting practices.

FILE PHOTO: Customers exit an Under Armour store in New York City, U.S., November 4, 2019. REUTERS/Brendan McDermid/File Photo GLOBAL BUSINESS WEEK AHEAD

Last year, the company said it was cooperating with federal investigators in connection with a probe about whether it shifted sales from quarter to quarter to meet objectives.

 

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Surprise, surprise! A corporation is corrupt. The surprise will be if they're ever fined for an amount that will actually hurt their quarterly profits.

As well as notice that '...in 'Merica, we spell it 'A-R-M-O-R'!' 🇺🇸 🤣

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