Yoga-Streaming Company Gaia to Settle SEC Probe

📆 11/11/2022 10:30:00
📰 WSJ

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Gaia, a streaming video business focusing on yoga, said the company and its CFO have agreed to pay $2.05 million to resolve an SEC investigation

a streaming video business focusing on yoga and alternative health, said the company and its chief financial officer have agreed to pay a total of $2.05 million to resolve an investigation by the U.S. Securities and Exchange Commission, according to company filings.

Louisville, Colo.-based Gaia said it would pay a civil penalty of $2 million to settle SEC allegations that it misstated the number of paying subscribers for the quarter ended March 31, 2019, when the company extended a free month of service to certain subscribers, according to the filing. Representatives for Gaia and Mr. Tarell didn’t respond to requests for comment. The SEC declined to comment.

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