1. More companies are going to be late in filing their SEC returns and will get delisted as a process. They will trade on pink sheets (Over the Counter) (look for the symbol followed by pk). OTC markets are notoriously not liquid. If there was a way to provide great liquidity over an alternate market there is money to be made - since most of the companies have products, good revenues, great customers etc.

2. Small independent audit firms: Most companies with backdating need an independent auditor to supplement their existing auditors. The smaller audit firms could make good short term money.

3. Legal firms: Same as auditors, except they are the first ones to get a call when the SEC comes calling.

4. Records and Content Management: Compliance issues make up most of the backdating scandal from a reporting standpoint. There is money in email discovery management, financial reporting and business intelligence tools.

5. Offshore staff augmentation: Some auditors and experts charge upto $400/hour for their services. Ripe opportunity to help them augment grunt work to offshore firms. If you are a offshore firm, buy or partner with a firm based in America.

6. Buy the stock: If you truly believe the company, its prospects, future potential and market, then buy it on the dip. But only after you have done all other due diligence.

7. Invest in Executive Search and Placement Firms: They are going to be looking forward to a lot of business replacing a bunch of executives who will either be fired or replaced because of options backdating.

Mukund Mohan

Mukund Mohan is an expert in stock option backdting and head of Vangal. He was head of product marketing for Mercury responsible for the direction and customer success of the company’s Application Management solutions. Mukund is a frequently requested speaker at conferences and events including Gartner IT Expo, ITSMF, Mercury World and Interop. Prior to Mercury, he was Vice President of Operations at Conslient, a software company focused on process automation. In this role, he managed a team of sales and services personnel and was responsible for customer success. In addition, he held product and management positions at Ariba and Asera and began his career at Cisco Systems.

Mukund seves on the board of advisors of iConclude and Auptyma.

Mukund studied at the University of Maryland, Baltimore County pursuing a master’s degree in computer science and holds a bachelor’s degree in engineering and computer science from the University of Mysore in India.