BMW is being investigated by SEC reportedly for the company's sales practices, specifically whether the company is “punching” its sales.
The SEC declined to comment, saying it "can neither confirm nor deny the existence or nonexistence of investigations."
If the SEC is investigating inflated vehicles sales, it wouldn't be unprecedented. U.S. regulators earlier this year settled an investigation with"New vehicle sales figures provide investors insight into the demand for an automaker's products, a key factor in assessing the company's performance," Antonia Chion, the SEC's associate director in the division of enforcement,
"This case underscores the need for companies to truthfully disclose their key performance indicators."
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