SEC v. Alan M. Stark, Esq. (insider trading, 2017)

Settled

✓ Checked against the primary document on October 3, 2026. The library's summary, tags and figures for this record were compared with the regulator's own document by an AI model (Claude) following written instructions, with sampled and disputed records read a second time. No lawyer has reviewed them. A checked record can still contain errors, and checked does not mean endorsed. See how we check records or report a correction.

Report an error in this record (sec-alan-m-stark-esq-insider-trading-2017) by email

In September 2017 the SEC settled proceedings against Florida attorney Alan Stark, who it found bought stock in companies before filing beneficial ownership reports for a hedge fund manager client, earning $7,608. He agreed to pay $7,608 disgorgement, $905 interest and a $7,608 penalty.

The record

What was ordered

Civil penalty

$7.6k

Disgorgement

$7.6k

Prejudgment interest

$905

Total relief

$16.1k

Alleged gain

—

A dash means the release did not state a figure we could extract, not that the figure is zero. Penalty and disgorgement are stored separately so aggregates across the library do not double-count the same dollars.

What is alleged to have happened

The Commission found that Stark, who advised a prominent hedge fund manager on beneficial ownership reporting, learned through those communications that the manager had crossed disclosure thresholds, and between February 2013 and September 2015 bought the companies' stock before filing the reports. Prices rose after each filing and he gained $7,608, in violation of Section 10(b) and Rule 10b-5.

On his consent the order requires disgorgement of $7,608, prejudgment interest of $905 and a civil penalty of $7,608, a total of $16,121.

What technique is this, and how does it work?

This action is tagged with one technique in our taxonomy. The tagging is ours: regulators charge statutory provisions, not technique names, so the mapping is an editorial judgement described in our editorial policy.

• Insider trading — see how it works, what statute it engages, and every other action tagged the same way.

Timeline

1. 2017-09-05 Administrative proceeding instituted (102e)

Primary documents

Everything on this page derives from the documents below. Where our summary and the primary document disagree, the primary document is right.

• SEC order

The linked release is a work of the United States government and is not subject to copyright. Our summary and narrative above are our own writing.

Related actions

Other actions in the library sharing at least one technique tag with this one.

Record added September 10, 2026. submit a correction.