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gump90

06/02/12 3:17 PM

#9073 RE: alansnowcross2 #9072

Basically any back-dating can result in some people being defrauded. Like .. " If I had known ahead of time like what is PROPERLY done - I would not have sold before the Record Date ". And this is why I believe the S E C is NOT going to approve the back-dating.
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Kadin

06/02/12 4:47 PM

#9074 RE: alansnowcross2 #9072

Alan...I can assure you the SEC is NOT smiling unless it's a wry smile!

The SEC has charged many companies for backdating schemes!

Unfortunately, some incidents took a few years to surface or until the investigation was completed.

However, the SEC's complaint further alleges that because of the undisclosed backdating scheme's they can go after any company at any time!

And separately the DA's Office in the State where the companies are registered continue to undertake remedial measures!

That said...'Execution' may apply!