Steve Bellovin <[EMAIL PROTECTED]> writes: > RSA, Inc., in a filing, reported that the SEC is considering > seeking an injunction against it and some of its officers. The filing > did not say what the injunction was about.
>From the Boston Globe this morning: <http://www.boston.com/dailyglobe2/232/business/SEC_may_sue_RSA_over_records+.shtm> -derek SEC may sue RSA over records By Bloomberg News, 8/20/2002 B EDFORD - RSA Security Inc. said the Securities and Exchange Commission may file suit following an investigation into how the company disclosed a change in accounting and stock sales by executives last year. The SEC's staff told the computer-security company last month that it may seek permission from the commission to file a lawsuit against the company and some of its officers, RSA said in a quarterly report to the SEC last week. The company, which denies wrongdoing, in April said it was the subject of an SEC investigation. RSA changed its accounting in the first quarter of 2001 to recognize revenue when products are shipped to distributors, rather than when the goods reach customers. The company didn't disclose the change, which boosted first-quarter revenue by $1.74 million, until more than a month after reporting results, when it filed a quarterly report with the SEC. This story ran on page C3 of the Boston Globe on 8/20/2002. ? Copyright 2002 Globe Newspaper Company. -- Derek Atkins Computer and Internet Security Consultant [EMAIL PROTECTED] www.ihtfp.com --------------------------------------------------------------------- The Cryptography Mailing List Unsubscribe by sending "unsubscribe cryptography" to [EMAIL PROTECTED]
