TASER says SEC ends probe, recommends no sanctions
The Associated Press
SCOTTSDALE, Ariz.- Taser International Inc. on Tuesday said the Securities and Exchange Commission completed an investigation of the stun-gun maker and did not recommend any sanctions.
In a notice sent to Taser, the SEC said it will not recommend any enforcement proceedings related to the company's safety claims but will continue a probe into trading of Taser's stock.
Taser shares jumped on the news, climbing 93 cents, or 15.2 percent, to $7.05 during premarket activity. About a year ago, Taser's stock reached a high of $33.45.
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