The Securities and Exchange Commission said it has resolved its litigation with Sun Communities over the company's accounting practices and will impose a $25,000 penalty on the mobile home community developer's former CFO.

Without admitting or denying the SEC's allegations, Jeffrey C. Jorissen agreed to pay the penalty and be suspended from appearing or practicing before the SEC as an accountant, but he may apply for reinstatement in two years. The SEC dismissed its claims against Sun Communities' current CEO Gary A. Shiffman and former controller Mary A. Petrella.

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