Nasdaq warns Apple of non-compliance
Following reports of possible stock option improprieties by Apple executives and continuing internal and external investigations of these concerns, Apple has announced that it will delay the filing of its Q3 quarterly earnings reports until it is satisfied that the issues have been properly accounted for and addressed.
Delay of the filing puts Apple out of compliance with Nasdaq regulations, and continued non-compliance without taking proper measures are grounds for Nasdaq to cease listing of Apple shares.
Apple has said it's stock will remain listed pending a hearing and decision by the Nasdaq listing qualifications board.
Despite these issues, perhaps because Apple itself–and not a third party, uncovered the irregularities, Apple stock has remained fairly stable.
