SEC Closes Investigation of THQ

image

The Securities and Exchange Commission investigation against publisher THQ has drawn to a closer, the company announced today.

THQ announced in January 2007 that an internal investigation into the company’s stock option practices had found no evidence of fraud, but that financial reports going back to 2002 would be adjusted to compensate for errors in accuracy. The company also indicated at the time that it would cooperate with an SEC investigation into stock options backdating.

A brief statement released today said, “THQ today announced that the staff of the United States Securities and Exchange Commission has notified THQ that its investigation of the company’s stock option grant practices has been completed and that the staff does not intend to recommend any action against THQ to the Commission.”

Recommended Videos

The Escapist is supported by our audience. When you purchase through links on our site, we may earn a small affiliate commission. Learn more
related content
Read Article A New Astro Bot Game Will Reportedly Be Revealed Soon
Astro Bot is ready for a new adventure
Read Article EA Breaks Silence on Sims 4 Glitches That Can Make Game Borderline Unplayable
Image of two characters from the Sims 4 looking over a building plan
Read Article Wuthering Waves Players Have Already Found a Way to Get Unreleased Content
Yinlin takes a breather in Wuthering Waves
Related Content
Read Article A New Astro Bot Game Will Reportedly Be Revealed Soon
Astro Bot is ready for a new adventure
Read Article EA Breaks Silence on Sims 4 Glitches That Can Make Game Borderline Unplayable
Image of two characters from the Sims 4 looking over a building plan
Read Article Wuthering Waves Players Have Already Found a Way to Get Unreleased Content
Yinlin takes a breather in Wuthering Waves