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Symbol exec fined, barred from public firms

Accounting scandal leads Brian Burke to $1.9 million fine and a promise never to serve as officer or director of a public company.

Former Symbol Technologies executive Brian Burke agreed to pay $1.9 million in civil penalties and be barred from ever serving as an officer or director of a public company, it was announced Thursday. Federal prosecutors and securities regulators said Burke, who served as chief accounting officer and senior vice president of worldwide operations for the wireless-equipment maker, allegedly helped inflate the company's financial performance to meet its forecast to Wall Street.

Securities and Exchange Commission regulators named Burke, Symbol and 10 other former company executives in a complaint filed last June, over similar allegations. Symbol agreed to pay a $37 million civil penalty at the time.