The Securities and Exchange Commission's letter to Sen. Ed Markey regarding Herbalife Ltd. (NYSE:HLF) is pretty scant on answers. Regulators basically said that they don't disclose information about whether they have investigated or are currently investigating a company on suspicions of being a pyramid scheme. Then they go into the guidelines for what a pyramid scheme is, which officials have already provided online in other places.
Herbalife questions left unanswered
In his letter, Markey called attention to how Herbalife Ltd. (NYSE:HLF) management's questions regarding the number of sales which are outside their network have changed. The SEC again reiterated his position of not disclosing any past or current investigations into companies and said it was unable to comment on Herbalife.
The senator also...
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