Former Cox Enterprises CEO Settles Charges
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A former chief executive of media conglomerate Cox Enterprises Inc. has agreed to pay more than $100,000 to settle federal regulators’ charges that he used advance knowledge of Cox’s 2004 offer to buy out its publicly held cable TV unit to illegally profit from sales of company stock.
In the settlement with the Securities and Exchange Commission announced Thursday, former CEO Garner Anthony is paying a $50,900 civil fine and returning an additional $50,900 plus interest in allegedly illegal trading profits. Anthony neither admitted nor denied the SEC’s allegations, made in a civil lawsuit filed Tuesday.
The SEC suit was filed in federal court in Honolulu, where the 76-year-old Anthony lives. Anthony was chairman and CEO of Atlanta-based Cox Enterprises from 1974 to 1987.
Anthony’s attorney couldn’t be reached for comment.
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