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Stock Market & Financial Investment News

News Breaks
March 5, 2014
07:53 EDTHLFSEC tells senator Herbalife concerns given 'every consideration'
In a letter sent in response to concerns raised by Senator Edward Markey that Herbalife may be a pyramid scheme, the SEC said its investigations are confidential and the Commission "generally neither confirms nor denies the existence of an inquiry or investigation unless and until made a matter of public record in proceedings instituted before the Commission or in court." However, SEC Chair Mary Jo White told Markey that "I can assure you that we are giving your concerns every consideration." Reference Link
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September 14, 2014
16:17 EDTHLFHerbalife near settlement with former distributors, NY Post says
Herbalife is close to reaching a settlement with five former distributors that allege the nutrition company is a pyramid scheme and has victimized thousands, says the NY Post. Reference Link
September 5, 2014
09:10 EDTHLFHerbalife distributor claims fired for web sales, Seeking Alpha contributor says
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September 2, 2014
11:43 EDTHLFChina announces 'major' busts as result of pyramid probe, Shanghai Daily reports
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