Action against Defendant, who had close relationships with an executive and director at an energy company and an individual at an investment bank, for alleged insider trading.  According to the SEC, Defendant learned material nonpublic information from his acquaintances related to a planned secondary offering of the energy company’s securities.  The SEC alleges that Defendant sold shares of the company’s stock while in possession of this information and ahead of the offering’s announcement.  Defendant has agreed to pay disgorgement of $46,342, prejudgment interest of $7,047, and a civil penalty of $46,342.

SEC Complaint

SEC Litigation Release