Finally an SEC investigation that did not lead to any enforcement action. After completing their investigation the SEC did not recommend any enforcement action for KB Homes.
The SEC had launched a probe last year into possible accounting and disclosure violations by the company. But apparently did not find anything wrong. Well thats definitely good news for the homebuilder, considering the economy isn’t providing any relief to them. Had to write about this as this is a ray of hope that not all accounting investigations end up exposing fraud!