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Ex-Apple General Counsel Nancy Heinen Settles Backdating Charge; $2.2 Million Fine

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Though no official charges have ever been made against Apple (NSDQ: AAPL) CEO Steve Jobs pertaining to backdating, the company’s former general counsel Nancy Heinen is paying a steep price over alleged misdeeds. The SEC announced today that Heinen, who left Apple in May 2006, will pay a $2.2 million fine to settle the charges. Reuters notes that Heinen was not forced to admit wrongdoing, though she agreed not to serve as a public company officer or director for the next five years. The SEC’s press release from last year announcing the charges is here. The agency argued that the alleged backdating help the company reduce reported expenses by $40 million.