BBX Capital Corp. was ordered Thursday to pay $4.55 million after a federal jury found its predecessor violated Securities and Exchange Commission regulations.

Company chairman and CEO Alan Levan, the former head of housing crash casualty BankAtlantic, will face $1.3 million in civil penalties and a two-year ban on serving as an officer or director in any publicly traded company.

U.S. District Judge Darrin P. Gayles in Miami made the rulings nine months after a jury found BBX, the new name of BankAtlantic's holding company, and Levan committed fraud “knowingly or with severe recklessness” by misleading investors on an earnings call and public disclosures issued during the financial crisis.