IBM settled a Securities and Exchange Commission investigation into earnings and stock option expenses and will pay no fine, the company announced Tuesday. Under the settlement, IBM neither admitted or denied any wrongdoing. The SEC’s order contains no findings of securities fraud. No penalty was assessed, IBM said in a news release. The SEC investigation dates to June 2005 when the commission launched a probe of the computer maker’s first-quarter 2005 guidance. By early 2006, the SEC had begun a formal investigation.
Original post by Keith Regan and software by Elliott Back
