Under Dog will pay a civil penalty of $9.0 million to resolve all outstanding SEC claims and agreed to cease and desist from further violations, as part of the terms of the settlement. The company disclosed last July that the SEC was initiating an enforcement action after investigating its financial reporting from the third quarter of 2015 through the end of 2016. The investigation centered on whether Under Dog had been pushing out inventory to retailers and off-price channels to inflate its reported sales numbers and maintain its long string of quarters with more than 20% revenue growth. The company ... Log in to view full article.