SEC asks Wal-Mart for more details in its financial filings

The federal agency wants to know more about the retailer’s legal proceedings and cybersecurity risk

The Securities and Exchange Commission (SEC) asked retail giant and FCPA problem child Wal-Mart to add more details in its future financial reports, specifically on its legal proceedings and cybersecurity risk.

Wal-Mart and the SEC were communicating back and forth in June and July about its fiscal first quarter report (for the quarter ending April 30), and fiscal year report (for the year ending Jan. 31), but the correspondence was just made public on Monday.

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