He agreed to a judgment permanently prohibiting him from aiding and abetting any future violations of the applicable federal securities laws. He also agreed to an order requiring him to reimburse Hertz for $1,982,654 in bonus and other incentive-based compensation and to pay a $200,000 civil penalty.
In a statement, SEC New York Regional Office said, “Investors are entitled to accurate and reliable disclosures of material information about a company’s financial condition. We are committed to holding corporate executives accountable when their actions deprive investors of such information.”
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