Canadian Stock Options Face Scrutiny
Bookmark & ShareJuly 19, 2006
Source: Toronto Star
Canadian stock options are going to come under more scrutiny, experts say, as regulators widen their investigation into backdated stock options in the United States. Dozens of U.S. companies are being investigated in connection with backdating, and Securities and Exchange Commissioner Roel Campos yesterday said the SEC will begin legal action on a major case in the next few days. On Saturday, two American university professors released a study suggesting that more than 2,000 U.S. companies used backdated stock options in the past decade. The study, by Randall Heron of Indiana University and ERIK LIE of the University of Iowa, estimates that nearly 30 per cent of companies examined have used backdated options.
Contact: Erik Lie, ,
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