SEC Launches Take-Two Investigation

crecente writes "Take-Two, already the subject of a Grand Jury inquiry, is now being 'informally investigated' by the Securities and Exchange Commission. This latest investigation looks at stock option grants made by the company from Jan. 1997 to the present. Just how many investigations can a publically traded company handle before their stock turns to worthless paste?"

Informal, eh?

[tygerstripes]

"It's okay folks, this is just an informal investigation (tm) so just, you know... go about your usual illegal activities, or whatever. Just pretend I'm not here."

Does anyone have more info?

[192939495969798999]

The "article" doesn't say hardly anything about what the news is. Does anyone have a link with some details, like what kinda stock-granting issues are alleged? I initially felt bad for doodling on my Take-Two stock certificates, but they're probably worth more as artwork now...

How many?

[Anonymous Coward]

Kids: Mr Owl, Just how many investigations can a publically trade company handle before their stock turns to worthless paste?

Owl: Lets find out.
One, *lick*
Two, *lick*
Three, *CRUNCH*.
Three.

how many?

[revlayle]

"Just how many investigations can a publically trade company handle before their stock turns to worthless paste?"

One... two... *CRASH* three

It's three

Re:Hey, gamers!

[Anonymous Coward]

Err...maybe you should quit pasting that long enough to reread the wiki entry you linked.

Re:ttwo

[Lothsahn]

Maybe you should apply to be an editor of Slashdot...

Re:"informal"?

[DerekLyons]

Since when does the SEC launch "informal" investigations, and more importantly, since when does the SEC acknowledge that they're investigating any company?

Since roughly about .025 seconds after the ink dried on the legislation creating the SEC.
 
 

The SEC is a bit like the Spanish Inquisition (NOBODY expects the Spanish Inquisition!), in that you don't know they're investigating you until they come knocking on your door with subpoenas and start carting aways boxes full of corporate financial documents.

I don't know where you got that impression - as it certainly isn't supported if you regularly follow business news.

Grand Jury Inquiry

[Mr. Underbridge]

Is that the name of their new game? Do I get to play a lawyer?