Late last month, reports surfaced that the Securities and Exchange Commission was investigating Apple for possible securities violations in what the company made public (or withheld) regarding CEO Steve Jobs' health.
Now, Jobs is back at work and the company's stock has rebounded to nearly double its worth when he took a leave of absence. (According to Valleywag, the stock traded at $78 per share when Jobs left, but it is back up to $135 per share.) Nonetheless, the SEC is still looking into the situation. Valleywag quotes Bloomberg this way: "SEC investigators want to be sure that Jobs's January disclosures didn't mislead investors."
The fact that shareholders are making decent money on their stock now is irrelevant, says writer Ryan Tate. The point is to ensure that investors are treated like the owners they are and told the truth about situations that are material to the company's future. The question then, is whether Jobs' health is material information that should have been disclosed.