Siebel Says It May Face Second SEC Charge
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From Bloomberg News
Siebel Systems Inc., the first company to pay a fine to settle accusations that it selectively disclosed market-moving information, said it might face a second charge by the Securities and Exchange Commission.
SEC staff recommended that the agency take enforcement action against San Mateo, Calif.-based Siebel and two executives for giving some analysts and investors information at a private dinner April 30, Siebel said in an SEC filing. The shares rose 7.9% on May 1.
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