SEC is looking into Steve Job’s health disclosure
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SEC is looking into Steve Job’s health disclosure

As I wrote in an earlier post, Apple’s stock price seems to be tied to the health of its CEO Steve Jobs. Now the SEC is looking into his health disclosure to see if it has misled investors.

Last week, Jobs announced that he would be going on a six month medical leave. Speculation about his health ranges from his pancreatic cancer has returned to he needs a transplant due to complications from the treatment of the cancer.

Investors are angry because Jobs’ appearance has not been consistent with what was being disclosed and when his health condition was finally disclosed, stock prices dropped 7% in one day.

Jeremy
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