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SEC to check in on JCP

Fri 06 Dec 13 | 10:08 AM ET
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SEC to check in on JCP

Fri 06 Dec 13 | 10:08 AM ET
CNBC's Scott Wapner reports the SEC sent a letter to J.C. Penny seeking an explanation of the retailers financial situation. The controversy surrounds the belief that J.C. Penney CEO Mike Ullman mislead investors about the company's need to raise capital.

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