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MO

Altria Group

$46.13 /

+0.59 (+1.30%)

15:43
02/21/20
02/21
15:43
02/21/20
15:43

SEC investigating Altria risk disclosures around Juul stake, WSJ reports

The Securities and Exchange Commission has opened a probe related to Altria Group's (MO) investment in Juul Labs, Jennifer Maloney and Dave Michaels report, citing people familiar with the matter. The SEC is investigating whether Altria adequately disclosed to shareholders the risks when it spent $12.8B in 2018 to take a 35% stake in Juul, sources told the Journal. Shares of Altria are off their highs but remain up 32c to $45.88 in late afternoon trading. Reference Link

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