Massachusetts Senator calls for investigation into Herbalife

BOSTON Thu Jan 23, 2014 10:03am EST

BOSTON Jan 23 (Reuters) - Massachusetts Senator Edward Markey is asking for more information about the business practices of nutrition company Herbalife, which has been accused of running a pyramid scheme by prominent hedge fund manager William Ackman.

Markey sent letters to the Securities and Exchange Commission, the Federal Trade Commission and to Herbalife itself to try an obtain more information, his office said in a news release on Thursday.

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Comments (1)
jmj858 wrote:
The SEC and other regulatory agencies have periodically reviewed Herbalife’s business practices and found them to be in compliance with all regulatory standards. As a result of the fear this has created for stockholders, this would be an opportune time to take a position in the stock.

Jan 23, 2014 10:44am EST  --  Report as abuse
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