Apollo Group (APOL) Said SEC Investigation Terminated

February 25, 2013 4:23 PM EST
In addition to noting that the HLC said University of Phoenix not in compliance, and recommended probation, Apollo Group (NASDAQ: APOL) disclosed the termination of an SEC investigation into insider trading.

From Filing:
"In our most recent quarterly filing on Form 10-Q, we noted that we were continuing to cooperate with the investigation initiated in April 2012 by the Enforcement Division of the Securities and Exchange Commission relating to certain stock sales by company insiders and our February 28, 2012 announcement regarding revised enrollment forecasts. Since that time, on January 17, 2013, we were informed in writing that the Enforcement Division has completed its investigation into this matter and does not intend to recommend any enforcement action by the Commission."

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