SEC Investigating Diageo for Excess Shipments

Diageo is being investigated by the Securities and Exchange Commission (SEC) relating to concerns about the company shipping excess inventories to its US distributors, allowing it to report higher sales and shipments, according to Dow Jones. Diageo has confirmed the investigation saying it " is working to respond fully to the SEC's requests for information in this matter," a company spokeswoman told WSJ. The investigation coincides with several changes within the company's North American organization. Recall, Diageo NA president Larry