SEC Asks Apollo Group For More Info In Informal Probe

Law360, New York (October 26, 2010, 12:08 PM EDT) -- The U.S. Securities and Exchange Commission's Enforcement Division is seeking additional information from Apollo Group Inc. on its insider trading policies and more in an ongoing informal inquiry of the for-profit company that runs the University of Phoenix.

The company disclosed the new information request in an 8-K filing with the SEC on Tuesday.

The SEC wants information on Apollo's insider trading policies and procedures as well as a chronology of the internal processing and availability of information about a U.S. Department of Education program review...
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