It was subject to options and Hubbell stock inc backdating regulation by the Arkansas Securities Department. The FDIC was a federal agency that insured the deposits of financial institutions. On or about November 26,the billing partner personally billed Madison Guaranty for work identified as "Conference with S. Compare Popular Online Brokers. In this way, the exercise price of the granted option can be set at a lower price than that of the company's stock at the granting date. During this period, the billing partner acted as the Rose billing partner on all Madison Guaranty matters. On or about February 28,the billing partner personally billed Madison Guaranty for work identified as "Seth Ward.