Two former Enron legal officials settle disclosure charges with SEC

Two former Enron Corp. legal officers settled charges that they did not disclose company transactions with partnerships controlled by its chief financial officer in 2000 and 2001, the US Securities and Exchange Commission said on Jan. 26.

It said that a federal court in Houston ordered Jordan H. Mintz, a former Enron vice president and general counsel of its global finance group, and Rex R. Rogers, also a former Enron vice president and associate general counsel, to each pay $1 in disgorgement and a $25,000 civil money penalty on Jan. 20.

Mintz and Rogers also agreed to a consent order on Jan. 26 suspending each of them from practicing before the commission for two years, the SEC said. The order also permanently enjoins them from violating provisions of the 1933 Securities Act and the 1934 Securities Exchange Act. Neither man admitted nor denied allegations in the complaint in settling the charges, it added.

The SEC charged on March 28, 2007, that the pair failed to disclose Enron's related-party transactions with partnerships controlled by Enron CFO Andrew S. Fastow. Rogers also was charged with not disclosing related-party transactions involving insider stock sales by Kenneth L. Lay, Enron's chairman.

Their total $50,002 payment will be deposited into the court registry investment system for distribution to injured Enron investors under the "Fair Fund" provisions of the 2002 Sarbanes-Oxley Act, the SEC said.

Contact Nick Snow at nicks@pennwell.com

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