Earlier this year, the SEC charged Broadwind and senior officers with accounting and disclosure violations that prevented investors from knowing that reduced business was damaging the company's long-term financial prospects. "Grant Thornton auditors recognized that representations by ALC and Broadwind management were questionable. Yet in the end, Grant Thornton accepted faulty explanations as the truth and failed to demonstrate adequate professional skepticism or obtain corroborating evidence," said David Glockner, Director of the SEC's Chicago Regional Office. The SEC said that during the ALC audit, Grant Thornton, Koeppel, and Robinson knew or should have known that heightened scrutiny was warranted with respect to the effects of ALC's calculations of occupancy and coverage ratio covenants in a lease pursuant to which ALC operated eight assisted living facilities.