Ex-Enron Broadband Exec Settles SEC Case For $1M

Law360, New York (June 18, 2009, 12:00 AM EDT) -- A former top executive of Enron Corp.'s broadband unit has agreed to pay a $1 million penalty to settle U.S. Securities and Exchange Commission allegations of fraud and insider trading in connection with the collapse of the energy giant.

The SEC said Thursday that Joseph Hirko, former chairman and CEO of Enron Broadband Services, was banned for life from serving as an officer or a director of another public company as part of the settlement.

The commission said the U.S. District Court for the Southern District...
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