Mattel receives SEC subpoena on whistleblower letter

Mattel receives SEC subpoena on whistleblower letter

FILE PHOTO: The Mattel company logo is seen at the 114th North American International Toy Fair in N
FILE PHOTO: The Mattel company logo is seen at the 114th North American International Toy Fair in New York City, U.S., February 21, 2017. REUTERS/Stephanie Keith/File Photo

REUTERS: Mattel had received a subpoena in December from the U.S. Securities and Exchange Commission seeking documents related to a whistleblower letter and subsequent investigation, the U.S. toymaker said in a filing on Tuesday.

In connection with the letter, an independent investigation by Mattel's audit committee and a separate probe by the company's external auditor found that the lead audit partner of the external auditor violated SEC rules. 

Mattel had disclosed in August that it received the anonymous letter.

Source: Reuters

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