More company executives may face criminal charges as a result of ongoing federal investigations into stock-option backdating, SEC Chairman Christopher Cox said. "We have a substantial number of investigations under way (including) cases that are maturing to the point of potential criminal action," Cox told reporters Friday at a Denver securities conference. On other matters, Cox said it would be premature to comment on an SEC position in an Enron shareholders lawsuit before the Supreme Court.
May 15, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
More company executives may face criminal charges as a result of ongoing federal investigations into stock-option backdating, Securities and Exchange Commission Chairman Christopher Cox said Friday.
“We have a substantial number of investigations under way (including) cases that are maturing to the point of potential criminal action,” Cox told reporters at a securities conference in Denver.
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