Avon’s probe settlement proposal rejected

( August 1, 2013, 15:08 GMT | Official Statement) -- MLex Summary: The US Securities and Exchange Commission and the Department of Justice have rejected a $12 million settlement offer submitted by cosmetic giant Avon in a bid to resolve an FCPA investigation which has been ongoing since 2008. The company disclosed on Thursday that they have not yet received a counterproposal from the federal authorities, but will continue to cooperate with the investigations by the DOJ and SEC....

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Prepare for tomorrow’s regulatory change, today

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