UPDATE 1-U.S. SEC charges Polycom, former CEO over hiding perks from investors

March 31, 2015 5:43 PM

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WASHINGTON, March 31 (Reuters) - The U.S. Securities and Exchange Commission charged the Silicon Valley-based technology company Polycom and its former chief executive on Tuesday over allegations they hid more than $200,000 in personal perks from investors.

Polycom has agreed to settle charges over inadequate internal controls and disclosure violations and pay $750,000, while the SEC's case against former Polycom CEO Andrew Miller will be litigated in federal court, the SEC said.

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