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Broadcom VP Will Return $1.2 Million

LOS ANGELES (CN) - The SEC settled a complaint against Broadcom's former vice president Nancy Tullos, who will disgorge more than $1.2 million she got by backdating stock options from 1998 to 2003, and pay a $100,000 fine. Broadcom has restated its financial results to report an additional $2.2 billion in compensation expenses from 1998 to 2005 - the largest restatement yet in the stock options backdating scandals, the SEC said.

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