SEC Approves Auction to Value Options

New York Times reports on the SEC's tentative approval of an auction approach to valuing stock options that was approved by the SEC staff in a letter to Zion Bancorp, which plans to market the auction of new securities, called "Esoar," to establish the value of companies' stock options.  The SEC says that auditors still need to review the results before using the value in the financials.  See S.E.C. Approves New Method for Companies to Value Stock Options