Letters from regulators go unanswered, Axon slides

AP News
Posted: Oct 20, 2017 11:37 AM
Letters from regulators go unanswered, Axon slides

NEW YORK (AP) — Shares in Axon, the maker of Taser stun guns, are down 3 percent after the company revealed that it failed to respond to a series of letters from regulators regarding its financial filings.

In a response late Thursday to the Securities and Exchange Commission, Axon Enterprises Inc. cited "miscommunication issues." It said it recently became aware of the inquiries, the first dated Aug. 10, and was now trying to resolve the matter.

In its final letter to the company on Sept. 20, the SEC said it was terminating the review and would "take further steps as we deem appropriate." The agency declined to comment on Friday.

A call and email to Axon for comment were not immediately returned.

The three letters sent by the SEC can be seen on the agency's website.

Axon, which is based in Scottsdale, Arizona, changed its name from Taser International in April.