November 22, 2021 7:32 pm

SEC settles fraud charges with Arizona charter school

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An Arizona-based nonprofit charter school agreed to settle Securities and Exchange Commission allegations that it misled investors and its former president agreed to pay a $30,000 penalty and will not participate in future municipal securities offerings.

On Monday, the SEC charged Park View School, a state-funded, nonprofit charter school with misleading investors in a $7.6 million municipal bond offering in April 2016. It also charged Debra Kay Slagle, the school’s then-president.

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