Nu Skin Enterprises, Inc. (NYSE:NUS) offered an update today on the situation in China via a press release. Officials there have been investigating the company's activities in the wake of a report from the People's Daily. The company reported what basically amounts to a slap on the wrist, is why investors seem relieved today.
Nu Skin China fined
Chinese officials levied a fine of $524,000 against Nu Skin Enterprises, Inc. (NYSE:NUS)'s China operations for selling some products through some h individual direct sellers. Although those products were allowed to be sold in China's retail stores, they weren't registered as products which could be sold through direct sales.
Chinese regulators also fined...
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