529 PLANS

529 News

Utah 529 plan agrees to fixes under SEC agreement

(August 4, 2005) - The Securities and Exchange Commission and the Utah Educational Savings Plan (UESP) have settled a cease-and-desist action initiated by the SEC in the wake of misappropriation of funds by former UESP director Dale Hatch. Under the consent, UESP agrees to improve its internal controls, computer and accounting systems, and disclosures.

Details about the misappropriation, as well as UESP's recent activities in making the improvements called for under the SEC agreement, can be found in this UESP press release.

The SEC also issued a press release concerning the agreement. Concurrent with the release, the SEC made available a new investor guide titled "An Introduction to 529 Plans."

Return to 529 News center.

 

Reset email successfully sent.
Please check your inbox.

Close
page loadtime mark

Advertisement


close