January 21, 2009
SEC Issues Opinion in Revoking Registration for Failure to File Reports
The SEC issued an opinion that upheld the ALJ's decision ordering that the registration of NATURE’S SUNSHINE PRODUCTS, INC. common stock be revoked under section 12(j) for failure to file any required 10-K and 10-Q reports since it filed its 10-k report for December 31, 2004. In its opinion the Commission reviewed the factors it takes into account in determining whether revocation is appropriate and rejected the company's argument that revocation amounted to a "draconian" sanction that operated as a "corporate death penalty."
TrackBack URL for this entry:
Listed below are links to weblogs that reference SEC Issues Opinion in Revoking Registration for Failure to File Reports:
Tracked on Sep 21, 2009 10:43:48 AM