Tuesday, September 27, 2005
The wages of stun: Taser being probed by SEC
Michael Baron of Marketwatch reports
Taser tumbles; SEC probe's now formal
Last Update: 9:41 AM ET Sept. 27, 2005
NEW YORK (MarketWatch) - Shares of Taser International fell early Tuesday after the stun-gun maker said a previously disclosed Securities and Exchange Commission inquiry is now formal.
The stock dropped 7.7% to $6.73 in early action.
The Scottsdale, Ariz.-based company (TASR: news, chart, profile) also said the SEC's probe has been expanded to include examination of "the possible unauthorized acquisition of material non-public information" by individuals outside the company in an effort to manipulate the price of Taser stock.
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