Stock option backdating closure letter
Before transferring, check you will not lose any valuable guarantees or benefits or incur excessive exit fees.
Please also understand the risks and features of the Vantage SIPP, then simply download a SIPP transfer form from our website, return it to us, and we will do the rest of the transfer legwork for you.
Lawrence Salva, Chairman Committee on Corporate Reporting Financial Executives International200 Campus Park Drive, PO Box 674Florham Park, NJ 07932-0674 Mr.
Sam Ranzilla, Chairman Center for Public Company Audit Firms American Institute of Certified Public Accountants Harborside Financial Center 201 Plaza Three Jersey City, NJ 07311-3881 September 19, 2006 Dear Sirs: Several companies have recently issued press releases announcing the restatement of their financial statements due to errors in their accounting for grants of stock options to employees, members of the board of directors, and other service providers.
A SIPP is a type of pension for people happy to make their own investment decisions.
Investments go down in value as well as up so you could get back less than you invest.
Most pensions are transferred electronically, removing the need for further paperwork and taking just eight working days on average.
If your policy is one of the few that cannot, we will write to your current provider.
A stock option gives the recipient the right to purchase stock at a set price.Dozens of companies – including United Health Group, Comverse Technology, Vitesse Semiconductor and Affiliated Computer Services – have caught the eye of the Securities and Exchange Commission and the Department of Justice for the timing of their stock option grants.