Shares of Biovail (BVF) are down 39 cents to $11.09 and volume in the options market is running seven times normal on news the Securities and Exchange Commission is charging executives with fraud. The SEC says Biovail repeatedly overstated earnings and masked losses. Company will settle and pay $10 million, but four still face charges. Bearish sentiment is approaching 80 percent with 6,716 BVF puts and 982 calls trading on the day.