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backdating |
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Backdating In the context of mutual funds, a feature allowing fundholders to use an earlier date on a letter of intent to invest in a mutual fund in exchange for a reduced sales charge, e.g. Giving retroactive value to purchases from the earlier date.
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Last year, Broadcom agreed to pay the Securities and Exchange Commission $12 million to settle a civil complaint related to backdating but did not admit wrongdoing. In some cases, life insurance companies will allow backdating this date. N>, whose own audit found options backdating as early as 1997 but cleared then-Chief Executive Steve Jobs and anyone associated with the company of deliberate misconduct, a regulatory filing showed. |
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