BusinessWeek reports that former Apple general counsel Nancy Heinen has accepted a series of sanctions and agreed to pay $2.2 million to settle backdating charges filed against her with the SEC (Securities and Exchange Commission).

Heinen was charged at a federal level by the SEC last year over the backdating scandal that came to light in late 2006. The former general counsel to Apple has also agreed to refrain from serving as a officer or director of any public company for five years, and be suspended from appearing or practicing as an attorney before the Commission for three years.

The SEC said that company records pertaining to a grant of 4.8 million options to Apple’s senior executive team in February of 2001, and a grant of 7.5 million shares made to CEO Steve Jobs in December of 2001 had been altered to conceal what it called a fraud. The result was that Apple underreported its stock-related expenses by nearly $40 million.

The SEC previously settled with former Apple CFO Fred Anderson and the commission has formally cleared Steve Jobs of any wrong doing.