Error when opening Toad


We are using Toad v9.7.2.5. When we open Toad, an error pops up before the Toad splash screen:

Invalid data type for ‘ForceEncryptedPassword’

The error occurred in Toad.exe
The error type is ERegistryException
Error ID: 9358

Looking in the registry, we have the ForceEncryptedPassword value set to 2 in three places:

HKLM\System\ControlSet001\Control\Session Manager\Environment
HKLM\System\ControlSet003\Control\Session Manager\Environment
HKLM\System\CurrentControlSet\Control\Session Manager\Environment

A search of the internet only showed the value used in connection with RAS, nothing to do with Toad(?) A search of all Toad sites was also fruitless. This may be one for the Toad developers… anyone?