Intuit Inc. is among the latest companies receiving an informal inquiry from the Securities and Exchange Commission regarding its stock option granting practices.
Intuit, whose products include the QuickBooks line, joins more about 25 companies currently under investigation by the SEC or Justice Department. The federal agencies have said that among other practices they are looking into potential illegal backdating, which can violate securities laws if not disclosed to shareholders, and "spring-loading" options by offering them to workers ahead of anticipated value jumps.
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