SEC chairman reportedly insists that many will be resolved within weeks.
Securities and Exchange Commission chairman Christopher Cox said the regulator will probably wrap up many of its stock-option backdating cases during the next few weeks, according to Reuters.
"We are working on procedures to move many of the cases very quickly," he told the wire service. Reuters added that Cox — in an interview following a news conference on cooperation between U.S. and European securities regulators — did not indicate whether the cases would be resolved through settlements, lawsuits, or some combination.
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"A handful of issues were novel, but upon their resolution" the process will accelerate, Cox also told the wire service.
The commission is reportedly looking into the options practices at about 130 companies; many are also under investigation by the Department of Justice and the Internal Revenue Service.
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