SEC Investigation Continues
According to the New York Post,
"The Securities and Exchange Commission is looking into a February stock sale by the chairman and chief executive of Usana Corp., a personal care product and nutritional supplements distributor.Usana chief Myron Wentz's sale of 85,000 shares of the company's stock on Feb. 12 is one of the issues that has caught the eye of the SEC's Salt Lake City office, according to documents obtained by The Post. The regulators are examining the sale to see if Wentz had been tipped off to questions being asked by the Fraud Discovery Institute's Barry Minkow.
Executed at $60.98, Usana's five-year high in share price, the sale netted Wentz $51.8 million."
Read the entire story here: SEC Eyeing USANA Chief
