Daily Archives: October 3, 2015, 12:38 pm

Ex-CEO who challenged SEC in-house court must pay $4.2 million | Reuters

A former chief executive of Assisted Living Concepts Inc was ordered to pay $4.2 million on Friday after losing a closely-watched challenge to the U.S. Securities and Exchange Commission’s use of in-house enforcement proceedings. An SEC administrative law judge ruled that Laurie Bebo, the former CEO, had engaged in a fraudulent scheme by listing fake occupants at some of the…

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