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Thursday, April 18, 2024 | Back issues
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Technology Securities

A federal judge barred the former CEO of OCZ Technology Group on Friday from ever serving as an officer of any securities-backed firm and ordered him to pay $240,000 in penalties for hiding the company's financial liabilities from investors.

SAN FRANCISCO - A federal judge barred Ryan Petersen, former CEO of San Jose-based OCZ Technology Group, on Friday from ever serving as an officer or director of any securities-backed firm and ordered him to pay $240,000 in penalties for hiding the company's financial liabilities from investors.

OCZ declared bankruptcy in December 2013, and Toshiba acquired its assets in January 2014.

Categories / Financial, Securities, Technology

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