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SEC Begins Inquiry into Take-Two's Options
Take-Two Interactive (TTWO Quote) is facing another inquiry by the Securities and Exchange Commission, this time over its stock-options grants.
The video-game software maker disclosed on Monday that the SEC has launched an informal investigation into its grants dating back to 1997. The company did not say what prompted the SEC's inquiry or what the regulator was investigating.
"The company intends to respond to the SEC's information request and to fully cooperate in the informal investigation," the company said in the statement. ...
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