An investigation by U.S. regulators into backdating of executives' stock options could have a major impact on the directors and officers insurance markets in the United States and London, according to a report from Aon Limited.
The London-based insurance broker noted that the Securities and Exchange Commission and the Department of Justice are investigating at least 54 companies that allegedly allowed their executives to backdate their option grants to benefit from an advantageous movement in share price.
On July 20, the SEC and DOJ filed their first civil and criminal actions related to stock option backdating. Prior to the SEC and DOJ filing, there were several civil cases filed by shareholders.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
