Santa Ana-based MSC.Software Corp. said Thursday the Securities and Exchange Commission has ended an investigation that started in 2005 without recommending any enforcement against the company.
Regulators were looking at MSC’s delay and restatement of financial results dating back to 2001 because of a review of accounting practices.
In spring 2005, the SEC subpoenaed documents related to the company’s internal investigation of its past financial results.
The end of the federal probe finishes a tough chapter for MSC, which develops software that manufacturers use to test their designs.
The ordeal took its toll on the company. MSC lost its listing on the New York Stock Exchange, saw executives leave, switched its accounting firm and fended off a takeover attempt.
MSC has made a comeback under Bill Weyand, who took over as chairman and chief executive of MSC last year.
The company’s filings are up to date and it moved from the low-profile Pink Sheets and onto Nasdaq.
