Action against Respondents, two Texas residents, for alleged insider trading. According to the SEC, one Respondent learned material nonpublic information about an upcoming acquisition when he overheard his brother, an attorney, discussing the acquisition on the telephone. The SEC alleges that he then tipped the other Respondent, and that both Respondents bought stock in the target firm ahead of the acquisition’s announcement and sold it thereafter. Respondent tipper has agreed to pay disgorgement of $12,050, prejudgment interest of $1,650, and a civil penalty of $34,950. Respondent tippee has agreed to pay disgorgement of $22,900, prejudgment interest of $3,137, and a civil penalty of $22,900.