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Feds Not Backing Off Backdating

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Last week we wondered aloud if recent comments coming from the Securities and Exchange Commission's enforcement division signaled that the regulators might be backing away from criminalizing the backdating of stock-options. The comments certainly seemed aimed at lowering expectations that the numerous investigations by federal authorities into the controversial practice would produce dozens, if not hundreds, of criminal cases.
On Friday, however, investigators seemed to answer our query about whether they were backing off with a loud and unequivocal: "Not a chance." The Wall Street Journal ran a story on the front page under the headline "Probes of Backdating Move to Faster Track."
Probes of Backdating Move to Faster Track [$$] [Wall Street Journal]