SEC Bars Mercury Ex-CFO From Accounting Practices

Law360, New York (June 2, 2009, 12:00 AM EDT) -- The U.S. Securities and Exchange Commission has suspended the former chief financial officer of Mercury Interactive LLC from practicing as an accountant, part of a $2.7 million deal over an alleged stock options backdating scheme.

In a Monday order instituting administrative proceedings, the SEC formally imposed remedial sanctions against Sharlene P. Abrams, the California-based software maker's ex-CFO, who agreed in March to pay $2.3 million in disgorgement of ill-gotten profits and a civil penalty of $425,000.

Abrams consented to the order — which represents the regulator's...
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