Summary
ONEOK Inc. (OKE) has filed an 8-K report disclosing that it has identified inaccuracies in previously furnished information to industry publications. This discovery stems from an ongoing investigation by the Commodity Futures Trading Commission (CFTC), which issued a subpoena to ONEOK in January 2003 requesting data related to trading and information provided to energy industry publications. The company has ceased providing such pricing information to industry publications since 2002 and is fully cooperating with the CFTC investigation, while also conducting its own internal review.
Key Highlights
- 1ONEOK Inc. discovered inaccuracies in information previously provided to industry publications.
- 2The inaccuracies were found as a result of an ongoing CFTC investigation.
- 3ONEOK received a subpoena from the CFTC in January 2003 regarding trading and publication information.
- 4The company voluntarily ceased providing pricing information to industry publications in 2002.
- 5ONEOK is fully cooperating with the CFTC investigation.
- 6The company is also conducting its own internal review.
- 7A press release dated October 3, 2003, is included as an exhibit.