SWHC’s approximate $2 million settlement with the Securities and Exchange Commission is related to a 2010 inquiry that stems from a Dept. of Justice investigation into the Springfield, MA, company that was later dropped by the DOJ. Smith & Wesson, which accrued the expense for the settlement in its Q4 ended Apr. 30, consented to the SEC settlement without admitting or denying the findings of the inquiry. The payment includes $107,852 in disgorgement, $21,040 in pre-judgment interest and a $1.906 million penalty. The SEC considered the company’s cooperation with the investigation and remedial acts taken after the issue surfaced in ... Log in to view full article.