SEC looking into Apple’s disclosures on Jobs’ health
Regulators from the Securities and Exchange Commission are investigating Apple's disclosures about chief executive Steve Jobs' health problems, Bloomberg is reporting.
Citing a person familiar with the matter, the financial publication said the SEC wants to make sure investors weren't misled. The probe isn't an indication that investigators have seen any evidence of misconduct.
"The good news flipped by the bad news makes one wonder what Apple knew," said James Cox, a law professor at Duke University quoted in the report. "It's not surprising for the SEC to come in and look afterward, given the pressure and publicity regarding their handling of a lot of cases," he said, referring to Bernard Madoff's alleged $50 billion Ponzi scheme.
Spokespeople for both Apple and the SEC declined to comment.
I am a big fan of Apple and an Apple stockholder. With that said, I do not believe that a team of doctors treating Jobs didn’t know what was going on. The SEC should investigate. I agree with that.