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Tuesday, Jun 9, 2026

SEC Ends Quality Systems Probe With no Action

Irvine’s Quality Systems Inc., a maker of healthcare software, said Tuesday that the Securities and Exchange Commission completed an investigation of stock trading at the company without recommending any action.

Quality makes software that helps doctors and dentists manage their practices. The company’s grown amid a push to switch medical records from paper to electronic forms.

Back in February, Quality said regulators were looking into trading of its shares and were seeking documents and records concerning Paul Holt, its chief financial officer.

Word of the probe sent Quality’s shares down nearly 9% and delayed the full release of the company’s results for the December quarter.

On Tuesday, the company’s shares were up about 2% in midday New York trading with a market value of about $815 million.

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