World Acceptance Corporation
| Company Name | World Acceptance Corporation |
| Stock Symbol | WRLD |
| Status | 1 |
On June 14, 2017, World Acceptance Corporation disclosed that it would not be filing its annual report on time due to an ongoing internal investigation into its Mexico operations related to “the legality under the U.S. Foreign Corrupt Practices Act and certain local laws of certain payments related to loans, the maintenance of the Company’s books and records associated with such payments, and the treatment of compensation matters for certain employees.” The Company further disclosed that it commissioned the internal investigation in response to an anonymous letter received by the Company’s independent registered public accounting firm regarding compliance matters, and that the Company had voluntarily contacted the U.S. Securities and Exchange Commission and the U.S. Department of Justice to advise both agencies that an internal investigation was underway.
On this news, the Company’s stock price fell more than 8% during intraday trading on June 15, 2017, thereby injuring investors.
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