Broadcom exec settles with SEC
From Times Wire Services
A former Broadcom Corp. executive agreed to pay $1.4 million to settle claims that she participated in a scheme to backdate stock options, the Securities and Exchange Commission said Tuesday.
Nancy Tullos, former vice president of human resources at the Irvine-based chip maker, pleaded guilty to one count of obstruction of justice this year in a deal with prosecutors.
Tullos is expected to cooperate with prosecutors who are investigating Broadcom co-founders Henry T. Nicholas III and Henry Samueli in the case.
Tullos’ lawyer couldn’t be reached for comment Tuesday.
