FYI--EA AOK: SEC

The US Securities and Exchange Commission (SEC) has been busy investigating video game companies including Take-Two Interactive, Activision and Electronic Arts. The investigation into EA’s stock option practices has now ended, and EA is no doubt relieved to learn that the SEC will not be recommending any enforcement action against SEC.

Word to all video game companies: before you set up your stock option plans (and in particular, if you’re thinking about backdating any options), talk to a securities lawyer first. And hey, whaddaya know? We have some here.

Coverage here (GameDaily)