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.
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