Beazer Okays SEC Settlement

Beazer Homes USA Inc., Atlanta, has announced a settlement with the Securities and Exchange Commission under which it agrees, without admitting wrongdoing, to comply with certain securities laws and regulations. Beazer said it consented to a cease-and-desist order in connection with matters that were the subject of a previous investigation by the company's audit committee. The settlement, which does not impose a monetary penalty, concludes the SEC's probe of the matters and was accepted by the agency in view of remediation efforts and cooperation by the company, Beazer said. Beazer and its subsidiary Beazer Mortgage Corp. are still under investigation by state and federal agencies regarding matters that were the subject of the audit committee probe, the company said.