CNBC's Scott Wapner reports the SEC sent a letter to J.C. Penny seeking an explanation of the retailers financial situation. The controversy surrounds the belief that J.C. Penney CEO Mike Ullman ... more 
CNBC's Scott Wapner reports the SEC sent a letter to J.C. Penny seeking an explanation of the retailers financial situation. The controversy surrounds the belief that J.C. Penney CEO Mike Ullman mislead investors about the company's need to raise capit... less 
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