SEC May File Charges Against Take-Two

Take-Two said in an SEC filing Wednesday that it had received a "Wells" call last week from the SEC's Staff of the Division of Enforcement.

The SEC staff said that it is currently seeking authority from the SEC to file charges seek a "civil monetary penalty" related to past stock option practices.

As new management tries to bring Take-Two fully back onto its feet, one of the firm's main focuses has been to settle regulatory issues. But Take-Two also has its hands full dealing with the significant delay of the monster title Grand Theft Auto IV.

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