J.C. Penney Company, Inc. (JCP) Subject Of SEC Inquiry On Finances

J.C. Penney Company, Inc. (NYSE:JCP) disclosed late Thursday that the Securities and Exchange Commission has requested information on its liquidity, cash position and debt and equity financing.

The SEC is also probing the struggling retailer’s September 26^th stock offering that raised $810 million.

Letter from SEC

The Plano, Texas-based J.C. Penney disclosed yesterday in a quarterly filing with the SEC that it received a letter from the regulator on October 7^th requesting information regarding the company’s liquidity, cash position and debt and equity...