Herbalife To Pay $20M To Settle SEC Enforcement Action Over Compensation Claims

(September 27, 2019, 3:54 PM EDT) -- WASHINGTON, D.C. — International direct selling company Herbalife Nutrition Ltd. will pay a $20 million civil penalty to settle federal securities law claims brought by the Securities and Exchange Commission in connection with the company’s alleged misrepresentations made to investors regarding its method of calculating compensation for its higher-level distributors in China, according to a cease-and-desist order filed by the SEC on Sept. 27 (In the Matter of Herbalife Nutrition Ltd., No. 3-19536, SEC....

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