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The Top SEC Settlements of 2011

By Joel Stonington - 2012-01-03T23:18:44Z

Photograph by Ed Andrieski/AP

Company Symbol % Change
12 of 22

No. 10: Joseph P. Nacchio

<strong>Total Settlement:</strong> $44.6 million<br /><strong>Disgorgement: </strong>$44.6 million<br /><strong>Penalty:</strong> 0

The former CEO of Qwest Communications, Joseph P. Nacchio, was convicted of more than a dozen counts of insider trading and started a six-year sentence in federal prison in 2009. Nacchio, still in prison, <a href="http://www.sec.gov/litigation/litreleases/2011/lr21825.htm">settled with the SEC</a> on the civil complaint nearly six years after the <a href="http://www.sec.gov/news/press/2005-36.htm">allegations were first filed</a> in 2005.

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