Scott London, the former KPMG engagement partner accused of insider trading, has settled administrative proceedings with the Securities and Exchange Commission and is looking for a job.

The SEC said it accepted an offer from London to submit to SEC sanctions and no longer appear or practice before the SEC as an accountant. The enforcement release says London consents to the SEC's authority over him, the subject matter of the proceedings, and the cease-and-desist order as issued by the SEC. The bar doesn't indicate that London might be allowed to petition for the right to practice before the SEC at some point in the future.

Meanwhile, London has updated his LinkedIn status, saying he's looking for a fresh start. “After making a mistake that cost me my career with a Big 4 accounting firm I am looking forward to starting over again,” he writes. “While I have lost credibility (deservedly so), there is a lot that I have to offer future employers.”

With 30 years in public accounting and nearly nine years of experience managing a staff of 500, London says he knows his way around a board room and has “unique personnel and human resource issues” that will allow him to get the most out of people while helping develop them for the future. “Yes, I regret my past actions this year, but I am looking forward to a future in which I can assist another company as they address the challenges in business today,” he writes.

London is still licensed in the state of California as a certified public accountant. His license expires on Aug. 31, 2014. The state's Board of Accountancy has not taken any disciplinary action against London or placed any restrictions on his license.

The SEC's enforcement release lists 18 separate events from late 2010 through early 2013 where London provided confidential information on five KPMG audit clients, two of which he served as lead engagement partner, to a friend, Brian Shaw. The SEC says Shaw used the information to trade in those companies' securities before the information became public. The information consisted mostly of quarterly and year-end financial results and a few acquisition agreements. 

KPMG withdrew audit reports for Skechers and Herbalife, the two companies whose audits London oversaw as he fed their confidential information to Shaw. The firm fired London as soon as it learned of his actions and has not faced any charges directly.