SEC won’t file stock options case against Apple; cites company’s ‘extraordinary’ cooperation

Apple Store“The U.S. Securities and Exchange Commission said on Tuesday it would not file an enforcement action against Apple Inc. in connection with the agency’s stock-options dating investigation, citing the company’s ‘extraordinary’ cooperation,” Reuters reports.

Reuters reports, “‘Apple’s cooperation consisted of, among other things, prompt self-reporting, an independent internal investigation, the sharing of the results of that investigation with the government, and the implementation of new controls designed to prevent the recurrence of fraudulent conduct,’ the SEC said in a statement.”

Full article here.

[Thanks to MacDailyNews Reader “Dizzy D.” for the heads up.]

34 Comments

  1. They said in the beginning that Apple would co-operate so I guess they went above and beyond so the SEC felt they weren’t trying to hide anything and that has paid off big time. Great job Apple for setting the record straight!

  2. The “results of the investigation” were shared with the SEC by giving all of the investigators 17″ MacBook Pros with the documents on them…

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  3. Of all the large companies I’ve ever had dealings with Apple (under Steve Jobs) comes out streets ahead in every respect. That’s not to say everything is perfect, there are some things they have done that I don’t understand and some things where I think they have got wrong but all in all one of the few companies that seems to put the interests of its customer first and maintains high ethical standards.

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