 On October 4, 2006 Anderson resigned from Apple's board following a three-month investigation into Apple's stock option practices.On April 24, 2007, the SEC filed a complaint against Anderson alleging that he failed to take steps to ensure the proper accounting for options granted to him and several other executive officers in 2001.Simultaneous with the filing of the complaint, Anderson settled with the SEC and paid $3.5 million for disgorgement of profits and interest and $150,000 for a civil penalty.