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SEC turns investigations towards Electronic Arts

updated 12:20 pm EDT, Thu September 21, 2006

SEC investigates EA

Following the launch of probes into more than 100 US companies, including Activision, THQ, and Take-Two, GamesIndustry says that the next target for the Securities and Exchange Commission is EA. The SEC wants to know if EA has been backdating executive stock options - that is, picking a date for issued stocks that's more favourable than when they were actually granted to an executive. This tends to enrich executive staff while depriving the company as a whole. According to EA, the SEC has requested company records going back to 1997.




by MacNN Staff

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