Is backdating stock options illegal

Heavy undisclosed selling by CETX insiders during paid promotion.Documents: Founder Aron Govil is secretly paying promoters via an undisclosed entity with little or no other activity.

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Clearly, the Enron trials have not closed the book on corporate fraud.

A new boardroom scandal is roiling Wall Street: stock options backdating.

That exercise price, or strike price, usually takes one of three forms: the closing price on the day of the grant; an average of the highs and lows of the day; or the closing price from the previous day.

The lower the strike price, the greater the potential for making money when exercising the options.

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