Nu Skin gets away with $540,000 fine in China; shares surge


China's State Administration for Industry & Commerce (SAIC) has fined NU Skin Enterprises (NUS) $540,000 for illegal product sales and misleading local consumers, while six sales staff have been penalized a total of $241,000.

NU Skin now plans to consult with the government about renewing its regular business activities in China after having suspended promotional meetings and accepting applications for sales representatives.

For its part, China intends to strengthen the regulation of its direct-sales market, which is a bit of a grey area.

NU Skin shares are +26% premarket. (PR)

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs