Action against Respondent, an engineer for a private company, for alleged insider trading.  According to the SEC, Respondent’s wife learned material nonpublic information about an upcoming acquisition from a family member and shared the information with Respondent.  The SEC alleges that Respondent bought shares in the target company while in possession of this information and sold the shares for a profit after the acquisition was publicly announced.  Respondent has agreed to pay disgorgement of $27,761.55, prejudgment interest of $1,563.52, and a civil penalty of $27,761.55.

SEC Order