Pre-Paid Legal Under Investigation By SEC

Posted on 13. May, 2009 by Dan Mitchell in MLM Blog News, Network Marketing - MLM, Network Marketing News


I just unleashed 7 of my most closely guarded Internet Marketing files for the first time. Download Ty Tribble's MLM Web Secrets. It's my free gift to you for visiting.


From NY Times:

Pre-Paid Legal Services, under investigation by the Securities and Exchange Commission over trading in its stock before the company disclosed a decline in subscribers, expects a first-quarter increase in its customer base. ''The membership base is currently up from where we ended the year,'' the chief operating officer, Randy Harp, said. The company said on Jan. 3 that it lost about 7,200 subscribers in the fourth quarter, the first decline in almost 10 years. Prosecutors and the S.E.C. are investigating trading in the company's shares ahead of the announcement that membership had fallen, which was made after the close of regular trading. The stock fell 25 percent the next trading day. Pre-Paid Legal Services, which sells insurance policies that pay for some legal services, is cooperating with investigators, Mr. Harp said

Share:
  • Twitter
  • Facebook
  • Digg
  • StumbleUpon
  • email
If you enjoyed this post, make sure you subscribe to my RSS feed!

Related posts:

  1. Pre-Paid Legal Shares Fall 19% In Response To FTC Complaint
  2. 85% of Pre-Paid Legal Reps Quit Or Fail To Make A Single Sale
  3. Pre-Paid Legal Services Slapped With Subpoena from SEC, Shares Plummet 16%
  4. Pre-Paid Legal Memberships Down
  5. Pre-Paid Legal Services a Pyramid in Collapse?

Leave a Reply