Former Apple chief financial officer Fred Anderson has settled a complaint raised against him by the Securities and Exchange Commission regarding some dubious corporate activities during his eight-year stint at Apple Computers.

Through a press release issued by his attorney, Anderson clarified that there was no fraud involved in the complaint and he is allowed by the SEC to continue his activities in business under the settlement terms. The statement pointed at Anderson's good reputation but made no admission or denial regarding the issue.

The statement also explained that such problems would not have surfaced if not for the influence that Apple founder Steve Jobs exerted over the former CFO. Anderson claims that Jobs assured him that all would be fine despite warnings that certain policies may be outside the bounds of legality.

The amount involved in the settlement remains undisclosed. Anderson has resigned from his duties at the computer company and is now serving other corporate interests.