Security vendor McAfee is investigating its past stock-granting practices following questions from the U.S. Securities and Exchange Commission (SEC), the company confirmed Friday.The disclosure comes as the SEC is investigating allegations that a number of companies backdated stock option grants, allowing executives to purchase shares at lower prices. Companies that have engaged in backdating may be fined or charged with back taxes, observers say.McAfee is in “informal” dialogue with the SEC and has “voluntarily initiated the review of our own stock option grant practices” during the late 1990s and the early part of 2000, McAfee said in a statement attributed to the company’s chairman and CEO, George Samenuk.“If in the course of our review should we find anything of note, we will make the appropriate disclosures,” Samenuk said. McAfee is one of 17 companies reported as being at risk for having backdated options in a May 16 report by research firm Center for Financial Research & Analysis (CFRA).Other companies flagged by CFRA include RSA Security, Juniper Networks and Broadcom. -Robert McMillan, IDG News Service For related news coverage, read U.S. Authorities Expand Stock Grants Probe and McAfee’s SiteAdviser: Search Engines Expose Users to Malware, Viruses.Check out our CIO News Alerts and Tech Informer pages for more updated news coverage. Related content brandpost Sponsored by SAP What goes well with Viña Concha y Toro wines? Meat, fish, poultry, and SAP Viña Concha y Toro, a wine producer that distributes to more than 140 countries worldwide, paired its operation with the SAP Business Technology Platform to enhance its operation and product. By Tom Caldecott, SAP Contributor Dec 04, 2023 4 mins Digital Transformation brandpost Sponsored by Azul How to maximize ROI by choosing the right Java partner for your organization Choosing the right Java provider is a critical decision that can have a significant impact on your organization’s success. By asking the right questions and considering the total cost of ownership, you can ensure that you choose the best Java p By Scott Sellers Dec 04, 2023 5 mins Application Management brandpost Sponsored by DataStax Ask yourself: How can genAI put your content to work? Generative AI applications can readily be built against the documents, emails, meeting transcripts, and other content that knowledge workers produce as a matter of course. By Bryan Kirschner Dec 04, 2023 5 mins Machine Learning Artificial Intelligence feature The CIO’s new role: Orchestrator-in-chief CIOs have unique insight into everything that happens in a company. Some are using that insight to take on a more strategic role. By Minda Zetlin Dec 04, 2023 12 mins CIO C-Suite Business IT Alignment Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe