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THQ latest target of SEC investigations

updated 10:15 am EDT, Tue August 8, 2006

SEC investigates THQ

THQ is being investigated by the Securities and Exchange Commission, making it the third such game publisher to be targeted for its stock option policies. Prior to this investigations had already been started on Activision and Take-Two, this following concerns that stocks issued to executives were being backdated, helping out the executives while harming the companies as a whole. THQ has stated that while it already has its own internal audit committee (manned by "independent" directors of the board), it will aid and comply fully with the SEC's efforts.

by MacNN Staff




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