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(Reuters) - U.S. regulators charged the chief executive and former chief financial officer of Florida-based computer equipment company QSGI Inc on Wednesday with misleading outside auditors and investors about internal control deficiencies over some of the company's inventory.

The Securities and Exchange Commission said that QSGI CEO Marc Sherman is planning to fight the charges in the agency's in-house court.

The company's co-founder and former CFO, Edward Cummings, is settling the case without admitting or denying the charges.

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