US Penalizes Herbalife For Misleading Investors On Paying Distributors In China

SEC says Herbalife agrees to pay $20m to settle charges misled investors on how it compensated its distributors in China, making made false and misleading statements in SEC filings between 2012 and 2018.Global direct seller also separately announces projects for a product center in Shanghai and improved internet platform to boost sales in China.

The Great Wall of China on the background and chinese red flag - Image

Herbalife Nutrition Ltd. is building a product center in Shanghai and looks to boost sales across China with an improved internet platform, but US regulators have found problems with the direct seller's business there.

The Securities and Exchange Commission on 27 September announced Herbalife has misled investors on how it compensated its independent distributors in China

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