Why Nu Skin Enterprises (NUS) Is Down Today

NEW YORK (TheStreet) -- Nu Skin Enterprises  (NUS) fell 4.92% to $72.92 at 11:31 a.m. on Wednesday after the company said it could receive fines from Chinese regulators.

Since media reports surfaced in January, Chinese regulators had been investigating whether the company, which develops and sells personal care products and nutritional supplements, disseminated false information and conducted illegal business in China. Furthermore, Nu Skin said in its annual filing with the U.S. Securities and Exchange Commission that it has temporarily stopped promotional meetings in China and is not currently accepting applications from potential new sales representatives in the country.

Nu Skin said it could also face sanctions in China, which could include a formal suspension of new salesperson recruiting and a temporary suspension of its ability to sell products in certain Chinese markets.

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