IBM Corp. disclosed Thursday that it is being formally investigated by the U.S. Securities and Exchange Commission (SEC) regarding its first-quarter 2005 earnings and equity compensation expenses. IBM, in Armonk, N.Y., previously disclosed in June 2005 that it has been cooperating informally with the SEC regarding the same matter.During the quarter under investigation, IBM changed its accounting practices and began counting employee stock options as an expense, a move it made because of new SEC requirements at the time.According to an IBM press statement, the SEC has informed the company that the investigation should not be viewed as evidence it engaged in any illegal activity.By Elizabeth Montalbano – IDG News Service (San Francisco Bureau) Related content news UK government plans 2,500 new tech recruits by 2025 with focus on cybersecurity New apprenticeships and talent programmes will support recruitment for in-demand roles such as cybersecurity technologists and software developers By Michael Hill Sep 29, 2023 4 mins Education Industry Education Industry Education Industry news UK data regulator orders end to spreadsheet FOI requests after serious data breaches The Information Commissioner’s Office says alternative approaches should be used to publish freedom of information data to mitigate risks to personal information By Michael Hill Sep 29, 2023 3 mins Government Cybercrime Data and Information Security feature Cybersecurity startups to watch for in 2023 These startups are jumping in where most established security vendors have yet to go. By CSO Staff Sep 29, 2023 19 mins CSO and CISO Security news analysis Companies are already feeling the pressure from upcoming US SEC cyber rules New Securities and Exchange Commission cyber incident reporting rules don't kick in until December, but experts say they highlight the need for greater collaboration between CISOs and the C-suite By Cynthia Brumfield Sep 28, 2023 6 mins Regulation Data Breach Financial Services Industry 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