SEC charges, fines Revlon for misleading shareholders


The Securities and Exchange Commission on Thursday said it charged Revlon Inc with misleading shareholders about details of a "going-private" transaction, and the cosmetics and beauty care company agreed to pay a $850,000 fine.

Revlon did not admit or deny wrongdoing in agreeing to settle, the SEC said.

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(Reporting by Jonathan Stempel in New York; Editing by Gerald E. McCormick)