[Satellite TODAY 08-03-09] Integral Systems has reached a settlement with the U.S. Securities and Exchange Commission (SEC) over fraud charges filed against the company in 2008, Integral Systems announced July 31.
    The SEC charged that Integral Systems fraudulently concealed the identity and involvement of Gary Prince, a convicted securities fraud felon, in the company’s top management for more than seven years. Prince pleaded guilty to criminal charges of conspiracy to commit securities fraud and bank fraud at another company in 1995 and was barred from appearing or practicing before the SEC as an accountant.
    Under the settlement, Integral Systems consented to a "cease and desist" order requiring future compliance with certain provisions of federal securities laws and regulations. The company will not pay a monetary fine.

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