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Article: Enron's Cooperation Could Help in Securities and Exchange Commission Probe.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- November 28, 2001
CopyrightCOPYRIGHT 2001 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By Tom Fowler, Houston Chronicle Knight Ridder/Tribune Business News
Nov. 28--Federal officials say they are willing to be more lenient with companies that cooperate in securities fraud cases, an attitude that could help get Enron Corp. off the hook in its current SEC investigation.
But it could also put individual executives -- including its former chief financial officer and other former employees -- in the hot seat.
In the months since he took over as head of the Securities and Exchange Commission, Chairman Harvey Pitt has laid out policies that will give companies credit for coming forward to report misconduct such as improper accounting. ...