Jerald M. Banks, the formergeneral counsel of Livent, the Canadian-based company that produced suchBroadway hits as Ragtime, The Phantom of the Opera, Showboat andFosse, settled civil charges brought by the Securities and ExchangeCommission yesterday by agreeing not to practice before the SEC for fiveyears and to pay a $25,000 fine.
The civil injunctive complainthad accused Mr. Banks of colluding with top executives at Livent to inflatethe company’s income by more than $24 million in Canadian dollars in 1996and 1997.
