Stock watchdog investigates IBM

The US stockmarket watchdog SEC will investigate computer services firm IBM over one of its earnings reports and its stock options scheme.

The move gives the SEC the right to see internal IBM e-mails, documents and to interview company executives.

IBM said it was co-operating with the investigation, but in after-hours trading its share price fell 1

Regulator probes IBM stock issue

Financial regulators are investigating how computer giant IBM awarded share options to its staff earlier this year.

IBM revealed on Monday that it was the subject of an informal probe by the Securities and Exchange Commission (SEC) and was co-operating fully.

The inquiry is thought to be linked to IBM’s announcement of disappointing quarterly trading results in April