https://www.reuters.com/article/us-altria-group-ecigarettes-juul-idUSKBN20F2SC

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FILE PHOTO: Juul brand vape cartridges are pictured for sale at a shop in Atlanta, Georgia, U.S., September 26, 2019. REUTERS/Elijah Nouvelage/File Photo. (Reuters) - U.S. regulators have opened a probe regarding Marlboro maker Altria Group Inc’s ( MO.N ) investment in e-cigarette maker Juul Labs Inc, according to a person familiar with the matter. The U.S. Securities and Exchange Commission is investigating whether the Marlboro maker adequately disclosed the risks to its shareholders when it spent $12.8 billion in 2018 for a 35% stake in the start-up, the Wall Street Journal reported earlier on Friday. The SEC has issued subpoenas to Juul and the e-cigarette maker has responded, according to the person familiar with the matter. Full story

22 February

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