Ex-Waste Management Accountant Settles With SEC

Law360, New York (May 31, 2011, 3:05 PM EDT) -- A former Waste Management Inc. executive settled with securities regulators in Texas on Friday after an appeals court overturned a ruling against him in a suit alleging that he helped perpetrate one of the largest corporate frauds in U.S. history.

The U.S. Securities and Exchange Commission asked a Texas federal judge to approve a settlement with Bruce E. Snyder that bars the garbage removal company's former chief accounting officer from violating federal securities laws. Snyder neither confirmed nor denied the SEC's allegations under the settlement, and...
To view the full article, register now.