HardOCP News
[H] News
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- Dec 31, 1969
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Federal officials have charged Broadcom co-founders with falsifying the company's reported income by illegally backdating stock options. Can someone explain to me why backdating stock options is illegal for some people and not for others?
The four men are accused of violating federal securities laws by misrepresenting the dates on which stock options were granted to its executives and employees. The Irvine-based communications chip maker agreed last month to pay $12 million to settle similar charges without admitting or denying the allegations.