San Diego, CA — 11/14/2017 — Axon Enterprise Inc is under investigation over possible securities laws violations. The investigation was announced for investors in NASDAQ:AAXN shares in connection with certain financial statements made by Axon Enterprise Inc.
The investigation by a law firm focuses on whether a series of statements by Axon Enterprise Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On October 19, 2017, Axon Enterprise Inc announced during aftermarket hours that the U.S. Securities and Exchange Commission (“SEC”) is reviewing its financial statements. Specifically, the SEC issued three letters in August and September seeking additional information relating to Axon Enterprise Inc's Form 10-K for the year ended December 31, 2016 and Form 10-Q for the quarter ended March 31, 2017. In the SEC's third letter dated September 20, 2017, it stated its inquiries remained “outstanding and unresolved, and absent a substantive response, we would act consistent with our obligations under the federal securities laws.”
Those who purchased shares of Axon Enterprise Inc (NASDAQ:AAXN) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North – Suite 423
92108 San Diego
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