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Article: Ada-based Pre-Paid Legal Services receives subpoena from SEC
- Article from:
- THE JOURNAL RECORD
- Article date:
- October 7, 2009
- Author:
CopyrightCopyright 2009 THE JOURNAL RECORD. Provided by ProQuest LLC. (Hide copyright information)
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Ada-based Pre-Paid Legal Services Inc. has received a subpoena
from the U.S. Securities and Exchange Commission, the company
revealed Tuesday.
"The investigation is a fact-finding inquiry and does not mean
that the SEC has reached any conclusions," the company said in a
statement.
Erik Hotmire, SEC spokesman in Washington, D.C., declined to say
whether the term "fact-finding inquiry" came from the federal
agency.
"We neither confirm nor deny the existence or nonexistence of
investigations," Hotmire said.
The subpoena requires Pre-Paid Legal to produce documents related
to its treasury stock repurchase program, its Affirmative Defense
Response System program and other marketing practices, ...