Quality Systems, Inc. (NASDAQ:QSII) has issued a release stating that it received a letter dated November 19, 2007, from the Securities and Exchange Commission (L.A. regional office) that informed CFO Paul Holt that the SEC has completed its previously disclosed investigation of trading activities in Quality Systems’ securities. The SEC does not intend to recommend any enforcement action concerning such activities to the Commission.
Quality Systems already released its earnings back on October 31, and shares have lost roughly 17% since then. While there have not been any trades pre-market, shares are indicated slightly higher than yesterday’s $29.19 close. Its 52-week trading range is $26.08 to $45.44.
Jon C. Ogg November 20, 2007
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