The logo of Nu Skin is seen at its "experience centre", where customers can sample and purchase the company's products, in Beijing January 21, 2014. REUTERS/Kim Kyung-Hoon (CHINA - Tags: BUSINESS LOGO)

The logo of Nu Skin is seen at its "experience centre", where customers can sample and purchase the company's products, in Beijing January 21, 2014. REUTERS/Kim Kyung-Hoon (CHINA - Tags: BUSINESS LOGO) (Copyright Reuters 2016)

Skincare products maker Nu Skin settles SEC probe

Features Reuters

Nu Skin Enterprises Inc said it had reached an agreement with the Securities and Exchange Commission to settle a probe into the skincare products maker's charitable contribution in China in 2013.

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The company also forecast third-quarter revenue at the high-end of its previously issued guidance of $560 million-$580 million.

Nu Skin said it agreed to pay $765,688 to the SEC after the agency found the company's books and internal controls related to the donation were insufficient.

As a part of the agreement, the company neither admitted nor denied the SEC's findings.

Shares of Nu Skin were up 3.6 percent at $61.00 after the bell.

Nu Skin said in February that it would pay $47 million to settle a lawsuit that alleged the company operated a pyramid scheme in China and had made false and misleading statements about its operations.

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(Reporting by Abhijith Ganapavaram in Bengaluru; Editing by Shounak Dasgupta)