SEC Investigates Altria’s Investment in Juul

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SEC Investigates Altria’s Investment in Juul
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The SEC has opened a probe related to Altria's investment in controversial e-cigarette startup Juul, people familiar with the matter say

The Securities and Exchange Commission is investigating whether Altria adequately disclosed to shareholders the risks when it spent $12.8 billion in 2018 to take a 35% stake in Juul, the people said.

 

This is a play to elevate tobacco corporation profits.

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