Peter B. Tafeen, a former top executive of Homestore.com Inc., has agreed to pay a $2.6 million fine to resolve charges that he defrauded shareholders by inflating the company’s advertising revenues, the Securities and Exchange Commission announced Tuesday.

In addition to the fine, Tafeen will be permanently barred from serving as an officer or director of a public company. In a separate action, Tafeen was indicted last spring for his role in the scheme and pleaded guilty to one count of securities fraud. U.S. District Court Judge Percy Anderson sentenced Tafeen to thirty months in federal prison and ordered him to pay $240,000 in restitution to harmed investors.

Homestore, an online real estate listing service, has since been restructured and does business as Move.com.