SAExploration’s Ex-CEO to Return $442,000 to End SEC Fraud Case

The former head of SAExploration Holdings Inc. has agreed to return about $442,000 to the seismic data company in clawbacks for his role in what the SEC has called a $100 million accounting fraud, the Wall Street regulator said Wednesday.

Brian Beatty, who founded the Houston-based company and served on its board, also agreed to pay disgorgement and interest totaling nearly $262,000. He agreed to a permanent officer and director bar as well, according to a final judgment from the US District Court for the Southern District of New York dated Nov. 15.

Beatty was the company’s CEO from ...