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.

Regulators have been examining Taser's claims about the safety of its stun guns - which have been blamed for a growing list of accidental fatalities _ as well as its accounting of a $1.5 million order at the end of last year.

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.

Associated PressCopyright 2015 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Recommended Less Lethal

Join the discussion

Be the first
to comment
PoliceOne comments can only be accessed by verified law enforcement professionals.
Please sign in or register to view or write your own comments below.