SEC chooses not to recommend action against THQ

THQ has announced that the staff of the United States Securities and Exchange Commission has notified the company that it does not intend to recommend any action against it.

The SEC had been investigating THQ since 2006, after it requested documents and information from the company related to stock option grant practices dating back to 1996.

The company initiated its own internal review following news coverage and anaylst reports concerning option practices.

THQ was just one of more than 60 different companies - including Activision and Take-Two - that were being investigated over the alleged practice of "backdating" stock option grants to time them at share price lows to increase their sale price value.

The SEC's investigation has now been completed with no further action recommended against THQ.