The Securities and Exchange Commission has received what amounts to an administrative Services Group Inc., a Washington-based health services firm.
The commission instituted administrative proceedings against the firm for allegedly failing to file certain disclosure forms on its stock transactions between June 1972 and March 1979. The firm consented to the SEC's issuance of findings and order without admitting or denying those findings, the SEC said.
The company was ordered to comply with the reporting requirements and file all delinquent forms.
Human Services Group is engaged primarily in providing a variety of consulting services in the health, training and health education fields and in the management and operation of two psychiatric facilities, the SEC said. It also conducts business and makes investments through various wholly owned subsidiaries, including the University Research Corp., Urc Limited, URC Investment Corp. and Human Services Investment Corp., the SEC said.
An SEC spokesman said the commission first began investigating the company following articles in The Washington Post last summer of American Health Services Inc. became angry when the company tried to buy all its shares and go private. The shareholders said they were uninformed about the move. Human Services Group owns 63 percent of American's outstanding common stock, the SEC said.
The SEC's action, however, is not connected to American's plans to go private, the SEC spokesman said.