Editing Dell (section)

====SEC investigation====
In August 2005, Dell became the subject of an informal investigation by the United States [[U.S. Securities and Exchange Commission|SEC]].<ref>{{cite web|author=Ben Ames |url=http://www.computerworld.com/action/article.do?command=viewArticleBasic&articleId=9002535&source=rss_news50 |title=Dell reveals SEC investigation, says Q2 profit down 51% |publisher=Computerworld.com |access-date=December 4, 2012 |url-status=dead |archive-url=https://web.archive.org/web/20090116092753/http://www.computerworld.com/action/article.do?command=viewArticleBasic&articleId=9002535&source=rss_news50 |archive-date=January 16, 2009}}</ref> In 2006, the company disclosed that the US Attorney for the Southern District of New York had subpoenaed documents related to the company's financial reporting dating back to 2002.<ref>{{cite news|url=https://www.reuters.com/article/idUSN0115050220100401 |title=UPDATE 2-Dell says several former staff may face SEC action, Reuters Apr 1, 2010 |publisher=Reuters.com |date=April 1, 2010 |access-date=December 4, 2012 |first=Braden |last=Reddall}}</ref> The company delayed filing financial reports for the third and fourth fiscal quarter of 2006, and several class-action lawsuits were filed.<ref>[http://www.dallasnews.com/sharedcontent/APStories/stories/D8N1MLNO0.html Dallas Morning News {{!}} News for Dallas, Texas {{!}} Texas/Southwest] {{webarchive |url=https://web.archive.org/web/20081009111823/http://www.dallasnews.com/sharedcontent/APStories/stories/D8N1MLNO0.html |date=October 9, 2008}}</ref> Dell Inc's failure to file its quarterly earnings report could have subjected the company to de-listing from the [[Nasdaq]],<ref>{{cite web |last=Moltzen |first=Edward F. |url=http://www.crn.com/showArticle.jhtml?articleID=193004297 |archive-url=https://archive.today/20120629043729/http://www.crn.com/showArticle.jhtml?articleID=193004297 |url-status=dead |archive-date=June 29, 2012 |title=NASDAQ Sends Dell, Novell Delisting Notices - Hardware - IT Channel News by CRN and VARBusiness |publisher=Crn.com |access-date=December 4, 2012}}</ref> but the exchange granted Dell a waiver, allowing the stock to trade normally.<ref>{{cite web |url=http://www.crn.com/sections/breakingnews/dailyarchives.jhtml?articleId=196903036 |title=Dell Buys Time From Nasdaq On Delisting - Hardware - IT Channel News by CRN and VARBusiness |publisher=Crn.com |access-date=December 4, 2012 |archive-url=https://web.archive.org/web/20120905025934/http://www.crn.com/sections/breakingnews/dailyarchives.jhtml?articleId=196903036 |archive-date=September 5, 2012 |url-status=dead}}</ref> In August 2007, the company announced that it would restate its earnings for fiscal years 2003 through 2006 and the first quarter of 2007 after an internal audit found that certain employees had changed corporate account balances to meet quarterly financial targets.<ref>{{cite web |last1=Ames |first1=Ben |last2=McMillan |first2=Robert |url=http://www.computerworld.com/s/article/9031106/Dell_to_restate_results_after_finding_manipulation |title="Dell to restate results after finding manipulation," Computerword, August 16, 2007 |publisher=Computerworld.com |date=August 16, 2007 |access-date=December 4, 2012 |archive-date=October 8, 2012 |archive-url=https://web.archive.org/web/20121008193903/http://www.computerworld.com/s/article/9031106/Dell_to_restate_results_after_finding_manipulation |url-status=dead }}</ref> In July 2010, the SEC announced charges against several senior Dell executives, including Dell Chairman and CEO Michael Dell, former CEO Kevin Rollins, and former CFO James Schneider, "with failing to disclose material information to investors and using fraudulent accounting to make it falsely appear that the company was consistently meeting Wall Street earnings targets and reducing its operating expenses." Dell, inc. was fined $100 million, with Michael Dell personally fined $4 million.<ref>{{cite news |title=SEC Charges Dell and Senior Executives with Disclosure and Accounting Fraud |url=https://www.sec.gov/news/press/2010/2010-131.htm |access-date=November 22, 2021 |publisher=US Securities and Exchange Commission |date=July 22, 2010 |archive-url=https://web.archive.org/web/20230120144818/https://www.sec.gov/news/press/2010/2010-131.htm|url-status=dead|archive-date=20 January 2023|ref=SECrelease}}</ref>