Reports indicate Ontario Securities Commission officials are looking for a record penalty of up to US $80 million to charge RIM CEOs Mike Lazaridis and Jim Balsillie for their alleged role in a stock option accounting scheme all the way back in 1996. Officials are questioning $250 million in earnings relating to stock option mistakes. Reports also indicate the OSC is looking for a settlement and wants Balsillie to not only pay most of the fine but to also drop his seat from the board.


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