The Securities and Exchange Commission doesn’t intend to recommend an enforcement action against CBL & Associates Properties Inc. related to the company’s procedures concerning four loans, the company said today.
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Chattanooga-based CBL said in a statement that it received a letter from the SEC notifying the company that the agency has concluded its investigation.
The SEC stated that “We have concluded the investigation as to CBL & Associates Properties Inc. in the above referenced matter. Based on the information we have as of this date, we do not intend to recommend an enforcement action by the commission against CBL.”
CBL said in a statement on Monday that an independent investigation it commissioned found no wrongdoing.