Mike Perry, the chief executive at IndyMac before it was seized by the Federal Deposit Insurance Corp. in 2008, has agreed to settle the last remaining negligence claim against him by the Securities and Exchange Commission by paying an $80,000 fine.

The SEC, which had vowed last month to press ahead with civil fraud charges against Perry, instead agreed to accept the settlement and forego any appeals after U.S. District Judge Manuel L. Real of California's Central District gutted the government's case in several previous rulings.

Subscribe Now

Authoritative analysis and perspective for every segment of the mortgage industry

30-Day Free Trial

Authoritative analysis and perspective for every segment of the mortgage industry