September 27, 2005
Taser Inc. Faces SEC Investigation
Taser, Inc released a press release here that tells of an expanded probe by the SEC. "TASER International, Inc. provides advanced electronic control devices for use in the law enforcement, military, private security and personal defense markets." According to the release it states:
"the previously disclosed ongoing Securities and Exchange Commission inquiry regarding TASER International, Inc. is now a formal investigation giving the SEC subpoena power to obtain documents and testimony from all relevant parties. The Company further understands that the investigation has been expanded to now include examining the possible unauthorized acquisition of material non-public information by individuals outside of the Company in an effort to manipulate the Company's stock price."
The company assures readers that it will cooperate with the investigation and provide requested materials. See also Wall Street Jrl here.
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