I doubt many of the public companies that read Compliance Week have convicted securities fraud felons working as executive officers, but hey, if you do, the SEC has a special reminder for you: Make sure you disclose the identity and involvement of these felons in your public filings!

On Thursday, the SEC filed a complaint alleging that three former senior officers of Maryland-based Integral Systems, Inc. fraudulently concealed for over seven years that a convicted securities fraud felon was part of the company's top management. The SEC charged the former CEO and CFO, as well as the undisclosed felon, in the case.

According to the SEC, from 1999 through August 2006 the defendants failed to disclose Gary Prince's role at the Company and his legal background in its filings. The SEC's complaint states that Prince pleaded guilty to criminal charges of conspiracy to commit securities fraud and bank fraud at another company in 1995. Although Prince served as an executive officer at Integral Systems following his conviction, the SEC alleges that this was concealed from investors out of concern that disclosing such information would have a negative impact on the Company's stock price.