The Securities and Exchange Commission settled charges of accounting violations by two former executives at First American Health Concepts Inc., a marketer of vision care plans.

The violations occurred in 1999, when executives signed off on end-of-year income figures that the SEC said they knew to be inflated. The company restated its earnings in 2001, and was acquired a year later by Italian eyeglass company Luxottica Group SpA, which also owns the Ray-Ban, Lenscrafters, Pearle Vision and Sunglass Hut brands.

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