The Division of Enforcement of the Securities and Exchange Commission has notified Getty Images that it has closed its informal inquiry into the company's stockoption grant practices without recommending any enforcement action against the company, or any individuals associated with the company.
On Nov. 9, 2006, Getty announced that the SEC had notified the company that it was conducting an informal inquiry into the company's stock-option grant practices.
Last month, the company agreed to be bought by Hellman & Friedman LLC for $2.1 billion, or $34 a share. The deal was approved by U.S. antitrust regulators, according to a list published by the Federal Trade Commission.