Pre-Paid Legal Discloses SEC Inquiry

by louabbott on October 11, 2009 – Published: October 11, 2009

Pre-Paid Legal Services Inc. disclosed last week that the U.S. SEC launched a broad inquiry into the Ada company’s operating practices, including its marketing practices, stock repurchase program and segment reporting … PPD, which set a 52-week high of $53.05 mere moments before the company’s announcement, ended the week at $42.09 …

Pre-Paid has had a mixed bag in its dealings with the SEC. Several years ago, the company restated its earnings steeply downward after regulators disagreed with the way it booked its sales staff’s commissions. But the last time the SEC came sniffing around Ada, the end result was nothing much but a hit on the stock price … SEC and Pre-Paid are tight-lipped about such dealings, we may not hear much for a while. But we’ll be listening.

Whole story available at

Also, see our overview: Pre-Paid Legal Facts, News and Reviews

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