FOX Business Network’s (FBN) Senior Correspondent Charlie Gasparino reports that the Securities and Exchange Commission (SEC) is looking into Hedge Fund Manager Bill Ackman’s claims on Herbalife Ltd. (NYSE:HLF) stock manipulation.
On Hedge Fund Manager Bill Ackman wanting the SEC to look into Herbalife for stock manipulation
“Sources are telling the FOX Business Network that the SEC, the Securities and Exchange Commission, is looking into these claims. Is it a new part of the investigation – remember they already have an investigation going on about Ackman – his claims about Herbalife Ltd. (NYSE:HLF) – he thinks it’s a pyramid scheme. He thinks it’s a stock that essentially the company is not disclosing the true nature of its value. He’s been in contact with the SEC. That investigation is ongoing and from what I understand they are looking at these claims that he believes that there’s stock manipulation here.”