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Company Misses SEC Letter Stuck in Spam Filter

Axon's CFO failed to get an August email from the agency or the followups.

By Kristy Westgard, Bloomberg | Updated on October 23, 2017

Check your spam box. It could be the SEC.

That’s the lesson learned last week by Axon Enterprise Inc., the company best known for its Taser stun guns. Late Thursday, Axon announced that “due to miscommunication issues,” the company has just become aware of SEC requests regarding its previous financial reports and is now scrambling to respond. The stock fell as much as 7%, its biggest drop in more than two months.

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