Action against Respondent, a former employee of a brokerage firm, for alleged insider trading.  According to the SEC, Respondent learned material nonpublic information about a luggage company’s earnings from his friend and customer.  The SEC alleges that Respondent then bought shares in the company ahead of its earnings announcement and sold them thereafter.  Respondent has agreed to pay disgorgement of $139,673, a prejudgment interest of $21,407, and a civil penalty of $715,417, and to various professional bars.

SEC Order