Under Armour founder Kevin Plank.
Under Armour founder Kevin Plank.

J. Meric/Getty Images

  • Under Armour received a “Wells notice” last week, warning executives that they could face a suit over allegations they violated securities laws.

  • The SEC is scrutinizing Under Armour over claims it used “pull forward” accounting practices throughout 2015 and 2016.

  • About 80{cb3fe4c54de06d7c4b8dceae281fb32e521027d1659af7adec2f427d2f5333d9} of companies served with a Wells notice face charges, according to a WSJ analysis of government data. 

  • Visit Business Insider’s homepage for more stories.

SEC investigators intend to recommend that the SEC move forward with allegations that Under Armour executives violated securities laws, according to documents released July 22.

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