Ding-Dong, the SEC is investigating the Avon Lady

Ding-Dong, the SEC is investigating the Avon Lady

Avon Products, Inc., the legendary maker of women’s cosmetics sold door-to-door, announced that the SEC is investigating whether the company violated the Foreign Corrupt Practices Act (FCPA), which prohibits companies from bribing foreign public officials.  The bribery investigation began in 2008 and, while initially focused on China, has since expanded to other countries.  The SEC investigation comes on top of another pending SEC investigation into contacts Avon had with financial analysts.

For more information see:  http://online.wsj.com/article/APee962d215f9b4dfca8f0f3fd31e67298.html?KEYWORDS=avon

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