SEC to informally petition Broadcom

Broadcom joins at least four other telecom companies as the SEC launches an "informal" inquiry into media and analyst reports concerning the company's stock options granting practices. In March, a report from the Center for Financial Research and Analysis claimed 17 companies were "at risk" for having back-dated stock option grants during the five year period that ended in 2002. Broadcom was among the companies named. "Back-dating" is retroactively altering the grant date of an option so that it coincides with a low-price period in the company's stock price.

For more on the SEC's informal inquiry into Broadcom:
- see this article from Light Reading