Former Livent Inc. finance executive Gordon Eckstein has agreed to sanctions in a settlement with the Ontario Securities Commission (OSC) for his role in the accounting fraud at Livent, the regulator said Friday.

The OSC sought sanctions against Eckstein in connection with his fraud conviction back in 2007. At the time, he pled guilty to one count of criminal fraud over $5,000 in connection with misrepresentations made in the financial statements of Livent and a related firm, MyGar, while he was an officer of these companies. Eckstein received a conditional sentence of two years less a day, including one year of house arrest, and certain conditions, including that he complete 200 hours of community service, stemming from that conviction.

Eckstein also pled guilty to criminal charges relating to Livent in the U.S., and entered into a settlement with the U.S. Securities and Exchange Commission (SEC) in connection with the same conduct, which resulted in a permanent ban from serving as an officer or director of a reporting issuer in the U.S. He was also fined $25,000 and expelled by the Institute of Chartered Accountants of Ontario.

Under his settlement with the OSC, Eckstein has now also been banned from becoming a registrant, fund manager, or promoter; and, he’s banned from serving as a director or officer of a registrant, fund manager, or an issuer — except that he can keep his current position, which he’s had since 2003, with an employer that is aware of his criminal conviction.