THE NEWS: Avon Products said in a regulatory filing that the Securities and Exchange Commission has decided it won’t recommend any action against the company over whether Avon contacted analysts inappropriately during a separate bribery investigation.
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THE CONTEXT: The company is still dealing with wider probes into whether Avon paid bribes in China and other countries. That investigation started in 2008 and led to the departure of five executives. The SEC and the Justice Department are also investigating.
WHAT’S NEXT: In August, Avon said it was working toward possibly settling those investigations, which are separate from the investigation into contact with analysts.
