SEC v. Kevan Sadigh, No. LR-26504, Central District of California (Mar. 23, 2026) — Press Release
raw: Kevan Sadigh
Kevan Sadigh, No. 2:15-cv-06460 (Mar. 23, 2026)
Entrepreneur Kevan Sadigh obtained a final consent judgment for insider trading involving J.P. Morgan-advised acquisitions, resulting in a permanent injunction and $108,120 in disgorgement.
Kevan Sadigh faced SEC enforcement for insider trading based on material nonpublic information regarding two corporate acquisitions advised by J.P. Morgan Securities LLC. The SEC complaint alleged that Sadigh profited from unlawful trades through a tip chain originating from a J.P. Morgan analyst. The final judgment imposed a permanent injunction and ordered Sadigh to pay $108,120 in disgorgement.
The SEC secured a final consent judgment against Los Angeles entrepreneur Kevan Sadigh for insider trading. Sadigh utilized material nonpublic information regarding two corporate acquisitions where J.P. Morgan Securities LLC served as an advisor. The information was passed to him through a chain of contacts starting with a J.P. Morgan analyst and a work colleague. As a result of the enforcement action, Sadigh is permanently enjoined from violating Section 10(b) and Section 14(e) of the Securities Exchange Act. He was also ordered to pay $108,120 in disgorgement. This financial obligation was deemed satisfied via a forfeiture order in a parallel criminal case. The litigation was handled by the SEC's enforcement team in the Central District of California.
Exhibits & Attached Documents (1)
Extracted insights
- $108K $108,120 $100K–$1M
- person christopher bruckmann
- person david s. mendel
- person James E. Smith
- person kevan sadigh
- person paul e. kim
- agency sec’s litigation
- court united states district court for the central district of california
- United States District Court for the Central District of California entered final consent judgment as to Kevan Sadigh
- Kevan Sadigh was tipped by a friend and work colleague
- analyst in J.P. Morgan Securities LLC’s San Francisco office tipped friend and work colleague of Kevan Sadigh
- Kevan Sadigh reaped large profits by making unlawful securities trades
- Kevan Sadigh is liable for disgorgement in the amount of $108,120
- David S. Mendel led SEC’s litigation
- James E. Smith verb SEC’s litigation
- Christopher Bruckmann supervised SEC’s litigation
- Paul E. Kim supervised SEC’s litigation
- subject supervised SEC’s litigation
U.S. SECURITIES AND EXCHANGE COMMISSIONLitigation Release No. 26504 / March 23, 2026Securities and Exchange Commission v. Kevan Sadigh, No. 2:15-cv-06460 (C.D. Cal. filed Aug. 25, 2015)SEC Obtains Final Consent Judgment as to Former Resident of Los Angeles Charged with Insider TradingOn March 20, 2026, the United States District Court for the Central District of California entered a final consent judgment as to Kevan Sadigh, an entrepreneur and former resident of Los Angeles, in the SEC’s civil enforcement action against him for insider trading.According to the SEC’s complaint, filed on August 25, 2015, Sadigh was tipped by a friend and work colleague, who in turn had been tipped by his close friend, an analyst in J.P. Morgan Securities LLC’s San Francisco office, concerning material nonpublic information about two corporate acquisitions in which JPMS played an advisory role. The complaint alleges that Sadigh and his colleague, acting largely in parallel, reaped large profits by making unlawful securities trades on the basis of that material nonpublic information.The final consent judgment permanently enjoins Sadigh from violating Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder by committing or engaging in specified actions or activities relevant to such violations, and Section 14(e) of the Exchange Act and Rule 14e-3 thereunder. The final judgment also orders Sadigh liable for disgorgement in the amount of $108,120, which is deemed satisfied by the entry of an order of forfeiture in the parallel criminal case, United States v. Sadigh, No. 2:15-cr-00465-TJH (C.D. Cal.).The SEC’s litigation is being led by David S. Mendel and James E. Smith, and supervised by Christopher Bruckmann, Paul E. Kim, and Joseph Sansone.
U.S. SECURITIES AND EXCHANGE COMMISSIONLitigation Release No. 26504 / March 23, 2026Securities and Exchange Commission v. Kevan Sadigh, No. 2:15-cv-06460 (C.D. Cal. filed Aug. 25, 2015)SEC Obtains Final Consent Judgment as to Former Resident of Los Angeles Charged with Insider TradingOn March 20, 2026, the United States District Court for the Central District of California entered a final consent judgment as to Kevan Sadigh, an entrepreneur and former resident of Los Angeles, in the SEC’s civil enforcement action against him for insider trading.According to the SEC’s complaint, filed on August 25, 2015, Sadigh was tipped by a friend and work colleague, who in turn had been tipped by his close friend, an analyst in J.P. Morgan Securities LLC’s San Francisco office, concerning material nonpublic information about two corporate acquisitions in which JPMS played an advisory role. The complaint alleges that Sadigh and his colleague, acting largely in parallel, reaped large profits by making unlawful securities trades on the basis of that material nonpublic information.The final consent judgment permanently enjoins Sadigh from violating Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder by committing or engaging in specified actions or activities relevant to such violations, and Section 14(e) of the Exchange Act and Rule 14e-3 thereunder. The final judgment also orders Sadigh liable for disgorgement in the amount of $108,120, which is deemed satisfied by the entry of an order of forfeiture in the parallel criminal case, United States v. Sadigh, No. 2:15-cr-00465-TJH (C.D. Cal.).The SEC’s litigation is being led by David S. Mendel and James E. Smith, and supervised by Christopher Bruckmann, Paul E. Kim, and Joseph Sansone.