SEC investigating McAfee's stock options

Related Stories: Microsoft shakes up security fray
June 7, 2006; McAfee's 'Falcon' to come in four flavors
June 6, 2006; McAfee reserves $50M for SEC settlement
September 29, 2005

Security software maker McAfee said on Friday that the U.S. Securities and Exchange Commission is conducting a formal probe into the company's stock option-granting practices. "On June 7, 2006 McAfee received a document subpoena pursuant to a formal order of investigation related to the company's stock option practices," the Santa Clara, Calif.-based company said in an SEC filing. "The company intends to cooperate with the SEC."

McAfee, along with many other companies, is investigating its prior practices regarding stock option grants. It had previously disclosed it was engaged in "an informal dialogue" with U.S. securities regulators over grants made in the past decade.

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