The Securities and Exchange Commission has settled civil fraud charges against the former chief financial officer of Comverse Technology Inc., part of a case that is one of the agency’s first involving options backdating.

David Kreinberg agreed to cooperate with the commission’s ongoing litigation as well as pay nearly $2.4 million in disgorgement, fines and interest. He will also be barred from serving as an officer or director of a public company, and be suspended from appearing in front of the SEC as an accountant.

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access