SEC Expands Inquiry Into Backdating Scandal
Bookmark & ShareJune 20, 2006
Source: Los Angeles Times
In a broadening investigation, the Securities and Exchange Commission is examining whether companies timed stock option grants so executives would benefit from company news. The investigation stems from a report by University of Iowa professor ERIK LIE that found corporate executives were illegally backdating stock options to take advantage of increases in stock price.
Contact: Erik Lie, ,
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