The U.S. Securities and Exchange Commission has sent an informal inquiry to Research in Motion, asking for more information about RIM's probe of stock option grants, the company announced Friday.
RIM said it "has received a letter of informal inquiry from the SEC requesting that RIM voluntarily provide documents and information related to the company's stock option grants and stock option practices."
RIM says it has 6.2 million BlackBerry subscribers.
(Associated Press/Mark Lennihan)
Research in Motion said it would co-operate with the SEC and the Ontario Securities Commission, which asked it to provide Friday's update because it financial filings are not up to date.
The Waterloo, Ont.,-based producer of the popular BlackBerry wireless device revealed on Sept. 28 that it had launched an internal review of its stock option grants dating back to 1997.
At the time, RIM chairman and co-chief executive Jim Balsillie said the review would result in a reduction of previously reported net earnings by $25 million to $45 million US.
Two weeks ago, the company said its second quarter financial report was being delayed to allow the audit committee to finish its review of the grants.
On Friday, RIM said it would file its Q2 results "as soon as possible."
It has said previously that it does not expect that the review will lead to any material adjustments to present or future results.
RIM shares ended the trading day at $129.93 on the TSX, down $2.31. In after-hours trading, the shares slipped less than half of one per cent.
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