I doubt many of the public companies that read Compliance Week have convicted securities fraud felons working as executive officers, but hey, if you do, the SEC has a special reminder for you: Make sure you disclose the identity and involvement of these felons in your public filings!
On Thursday, the SEC filed a complaint alleging that three former senior officers of Maryland-based Integral Systems, Inc. fraudulently concealed for over seven years that a convicted securities fraud felon was part of the company’s top management. The SEC charged the former CEO and CFO, as well as the undisclosed felon, in the case.
