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3D Systems' Records Subpoenaed in Probe

October 23, 2003|From Bloomberg News

3D Systems Corp., which makes three-dimensional imaging systems, said it received a subpoena from the Securities and Exchange Commission for documents as part of a formal investigation of the company.

3D on June 30 said the SEC was checking into how the Valencia-based company recognized revenue, according to a regulatory filing.

The company "intends to continue to cooperate fully with the SEC," it said in a filing.

The SEC's investigation follows an internal review of the company's accounting this year, primarily related to the way it recognized revenue.

President and Chief Operating Officer Grant Flaharty stepped down in May, and the company fired James Selzer, its chief financial officer, in April.

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