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SEC: We're Not Planning On Bringing 130 Backdating Cases

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Is the Securities and Exchange Commission backing-off of backdating? Recent comments coming from the Commission at least seemed aimed at lowering expectations about how many cases are going to be brought against backdaters.

During a panel discussion at the annual SEC Speaks conference in Washington, D.C., associate director of enforcement Antonia Chion told the audience, "I don't believe we're going to be bringing 130 cases," according to Reuters. Rather, Chion reportedly added, the commission will consider "how bad is the conduct and how good is the evidence" at the 100-plus companies whose options practices are under scrutiny.

Certainly seems like the SEC is trying to manage expectations and perhaps encourage the financial media to change the breathless, scandalized tone with which it tends to report SEC backdating investigations.
Not All Backdaters May Be Charged: SEC []