WeWork faces U.S. SEC inquiry over possible rule violations: Bloomberg

FILE PHOTO: A WeWork logo is seen at a WeWork office in San Francisco, California, U.S. September 30, 2019. REUTERS/Kate Munsch/File Photo

(Reuters) – WeWork is facing scrutiny from the U.S. Securities and Exchange Commission over whether the company violated financial rules in the run-up to its canceled initial public offering, Bloomberg reported on Friday, citing two people with knowledge of the matter.

The agency’s inquiry is preliminary and may not lead to any allegations of wrongdoing, the report here added.

WeWork and the SEC declined to comment.

Reporting by Uday Sampath in Bengaluru; Editing by Anil D’Silva



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