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Yawn! Another SEC Investigation for KB Homes

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In news that should surprise no one, KB Homes revealed it is being investigated by the SEC for possible accounting and disclosure violations. KB Homes has been embroiled in scandal ever since it was revealed its former CEO, Bruce Karatz and other execs were involved in a stock option backdating imbroglio. Karatz is currently facing civil fraud charges, has paid almost $7.2 million to settle SEC charges, and pleaded not guilty this year in federal court to charges related to the backdating case. [LABJ]