Correction: Avis Budget Group Does NOT Have an Undisclosed SEC Investigation


On 18-July-2014 we published a Watch List update that included Avis Budget Group (CAR) as having a possible undisclosed SEC investigation. This is incorrect. In a letter dated 22-Jul-2014 and received by us today, the SEC had informed us of the error and stated that they have no investigative records on CAR.  We interpret that to mean this company has no recent SEC investigative activity as of 22-Jul-2014.  This error was ours alone as we coded the initial SEC response of 10-Jul-2014 into our system incorrectly.  We apologize for the error and continue to review our process to minimize their recurrence in the future.

To learn more on our process and what our findings mean, click here.

Note:   New SEC investigative activity could theoretically begin or end after the date covered by this latest information which would not be reflected here.

The Probes Reporter™ Watch List tracks those companies involved in undisclosed SEC investigative activity.  Names are added to and removed from this list frequently based on responses we received to Freedom of Information Act (FOIA) requests we file with the SEC.  This is our latest update.