The Securities and Exchange Commission has charged Sycamore Networks and three of its former executives with stock options backdating charges.
Former executives of the Chelmsford, Mass.-based optical networking company agreed to pay more than $650,000 to settle the charges. Former CFO Frances M. Jewels will forfeit over $450,0000, former director of financial operations Cheryl E. Kalinen will pay about $178,000, and former director of human resources Robin A. Friedman will turn over $40,000.
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