KB Home says SEC investigation over

L.A. Times — Thu, 02 Sep 2010 07:00:00 +0000

The home builder's stock soars 11% after an announcement that there will be no action taken as result of an investigation into the company's accounting procedures.

Shares of Los Angeles-based KB Home soared on Wednesday after the home builder said an investigation by the Securities and Exchange Commission into the company's accounting and disclosure procedures had concluded and no enforcement action would be taken.

California

KB Home says SEC investigation over