SEC v. Andre Wong (insider trading, 2024)

Settled

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In June 2024 the SEC charged Andre Wong, a former Lumentum executive, with buying 10,000 NeoPhotonics shares ahead of Lumentum's announced acquisition of that company, on information from a colleague. On January 30, 2025 he consented, without admitting or denying the allegations, to a final judgment with an injunction, a five-year officer-and-director bar, $62,574 in disgorgement, $12,924 in interest and a $93,861 penalty.

The record

What was ordered

Civil penalty

$93.9k

Disgorgement

$62.6k

Prejudgment interest

$12.9k

Total relief

$169k

Alleged gain

$62k

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 Securities and Exchange Commission announced this matter on June 4, 2024 as release LR-26016, filing in the Southern District of New York on June 3, 2024.

The complaint alleged that Wong learned the acquisition plans from a colleague and traded ahead of the announcement, violating Section 10(b) and Rule 10b-5. The case originated in the Market Abuse Unit's data-analysis work.

For the regulator's own account of the facts, read the primary document linked above. This page deliberately summarises the structured record rather than reproducing the release.

Outcome. SEC litigation release LR-26237 (February 4, 2025) reports that the court entered a final consent judgment against Wong on January 30, 2025. Wong did not admit or deny the allegations. The judgment permanently enjoins him from violating Section 10(b) and Rule 10b-5, bars him from serving as an officer or director of a public company for five years, and orders disgorgement of $62,574, prejudgment interest of $12,924 and a civil penalty of $93,861. The release shows a consent settlement, not a trial finding, and does not mention any criminal case.

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. 2024-06-04 Litigation release published
2. 2025-01-30 Final consent judgment entered (reported in LR-26237)

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 litigation release
• SEC litigation release LR-26237 (final judgment)

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.

Same matter

The library links these 2 records because they appear to concern one matter: the same lead defendant, an overlapping technique tag and close filing dates, or a shared court docket or a release that cites the other. Records are listed by date filed.

This grouping is the library's, made by matching names, techniques, dates and citations when the site is built. It is not the regulator's or a court's determination that the records are one case, and it errs towards missing a link rather than making a false one.

Related actions

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

Record added September 10, 2026. submit a correction.