Ex-Synchronoss CFO fined, banned over SOX violations


The Securities and Exchange Commission (SEC) issued more than $500,000 in penalties and fines to the former chief financial officer at a tech company for allegedly falsifying financial statements and lying to the company’s auditor.

The SEC received a final judgment Friday in its case against former Synchronoss Technologies CFO Karen Rosenberger, filed in U.S. District Court for the Southern District of New York, the agency said in an administrative proceeding. In addition to imposing an injunction and an officer and director bar against Rosenberger, the SEC also fined her $125,000. She also agreed to return $430,000 in compensation to Synchronoss, pursuant to the Sarbanes-Oxley Act.

In June 2022, Synchronoss reached a $12.5 million settlement with the SEC for engaging in “long-running accounting improprieties” that involved materially misleading financial statements filed from 2013-17. Seven Synchronoss executives, including Rosenberger, were charged in connection with the case.

lock iconTHIS IS MEMBERS-ONLY CONTENT. To continue reading, choose one of the options below.