SEC Asked Groupon for Financial Disclosures
The Securities and Exchange Commission this summer began pressing Groupon Inc. to disclose more details on revenue from its new business lines and on reasons behind the daily-deal site’s financial revision this spring, according to newly disclosed correspondence between the regulator and the company.
The SEC has completed its review of Groupon’s filings, the agency said in a letter dated Oct. 4 and released Friday by Groupon. The SEC letter said the regulator still can take action later against Groupon.
