Video Game Shares Drop on SEC Investigation

"Shares of many video game publishers fell sharply on Monday in the wake of the news late Friday that the U.S. Securities and Exchange Commission has opened an investigation into industry accounting practices."

That's the headline of a recent article on CNN.com posted today. The SEC claims the investigation means they've done nothing wrong it's just that they want to check over their books. In the wake of that most companies have averaged a loss of 5% of their share prices. However such a loss also means that some investors will reinvest in the company when the smoke clears and attract some new investors that were waiting on the prices to lower within their range. However if any of the companies have been doing something wrong that could be very bad for them and a boon to their competitors.

Some of the companies investigated include Acclaim, THQ, Take-Two, Activision and Electronic Arts.