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SEC to Clarify Rules on Lucrative -- and Potentially Abusive -- Backdating of Options
The Washington Post; subscription may be required
June 14, 2006
Excerpt: The Securities and Exchange Commission is to issue a statement, possibly as early as next month, clarifying the agency's view of when current law allows backdating of stock options -- picking a date when the stock was at a low point to be the date of the award, thereby immediately guaranteeing a profit.
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