Herbalife gets a clean Slate from the SEC

Multi-level marketing firm Herbalife Ltd. (NYSE:HLF), a global nutrition company selling weight management and personal care products across 83 countries to distributors and through them, has been questioned by the SEC on some of its practices relating to the disclosure of sales by distributors. Ironically, a lot of these questions ring a bell from April when the company’s conference call on its first quarter results was dominated by renowned short seller David Einhorn, who then first raised substantially the same issues. It may be recalled that the stock tanked 20% as a fallout of the questions because the market assumed…