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SolarWinds CFO avoids charges in SEC action

The Securities and Exchange Commission (SEC) has accused software provider SolarWinds and its Chief Information Security Officer, Timothy Brown, of defrauding investors by overstating cybersecurity measures ahead of a key data breach. Although the CFO, J. Barton Kalsu, was warned during the investigation, he hasn’t been named in the lawsuit. Legal experts suggested he’s unlikely to face formal SEC charges, but it doesn’t completely exclude potential future action.

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