Feeds

McAfee hit by SEC investigation

Feds scan share options scheme...

Choosing a cloud hosting partner with confidence

McAfee has confirmed that it received notice from the Securities and Exchange Commission of a probe into its share options scheme.

The anti-virus company received warning of the formal investigation last Wednesday. It settled a previous action brought by the SEC by paying $50m, but the firm did not admit guilt.

McAfee confirmed in May that it was having informal talks with the regulator. The SEC is looking at allegations that share options were backdated - effectively removing any risk. McAfee recently sacked its chief counsel over this issue.

The SEC is looking at share options and wider issues of executive pay in corporate America. It has received over 20,000 comments from the public on the subject. The regulator wants companies to release more information in a clearer form. More than 30 companies are facing investigation.

SEC chairman Christopher Cox gave more details of the wider probe in a speech last week to the New York Financial Writers Association. Read the whole speech here. ®

Internet Security Threat Report 2014

More from The Register

next story
FYI: OS X Yosemite's Spotlight tells Apple EVERYTHING you're looking for
It's on by default – didn't you read the small print?
Russian hackers exploit 'Sandworm' bug 'to spy on NATO, EU PCs'
Fix imminent from Microsoft for Vista, Server 2008, other stuff
Edward who? GCHQ boss dodges Snowden topic during last speech
UK spies would rather 'walk' than do 'mass surveillance'
Microsoft pulls another dodgy patch
Redmond makes a hash of hashing add-on
'LulzSec leader Aush0k' found to be naughty boy not worthy of jail
15 months home detention leaves egg on feds' faces as they grab for more power
China is ALREADY spying on Apple iCloud users, claims watchdog
Attack harvests users' info at iPhone 6 launch
Carders punch holes through Staples
Investigation launched into East Coast stores
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.