SEC v. Andrew F. Kerr (insider trading, 2016)

Settled

✓ Checked against the primary document on October 4, 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.

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The SEC sued Andrew Kerr over insider trading in June 2016. On April 4, 2017 a California federal court entered a consent final judgment ordering $62,088.63 in disgorgement and $8,522.18 in interest, with no penalty and payment waived except $52,461.65 based on his financial statement.

The record

What was ordered

Civil penalty

—

Disgorgement

$62.1k

Prejudgment interest

$8.5k

Total relief

$70.6k

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 Securities and Exchange Commission announced this matter on June 29, 2016 as release LR-23586. The respondents named are Andrew F. Kerr (1 individual, 0 entities). The action was brought in the U.S. District Court, Northern District of California.

This library tags the matter as insider trading, based on the conduct the regulator describes. Each tag links to a page explaining how that technique works, what statute it engages, and what penalties comparable actions have attracted. The tagging is ours, not the regulator's: agencies charge statutory provisions, not technique names.

The conduct is recorded against equities.

The final judgment filed on April 4, 2017 in the Northern District of California records that Kerr consented without admitting or denying the allegations. It permanently enjoins him from violating Section 10(b) and Rule 10b-5, orders disgorgement of $62,088.63 and prejudgment interest of $8,522.18 (total $70,610.81), and imposes no civil penalty. Based on his sworn statement of financial condition, payment of all but $52,461.65 is waived; the SEC may seek the waived amount and a penalty if the statement proves inaccurate. This page relies on the judgment itself and has not read a regulator release about it. Checked on 2026-10-04.

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. 2016-06-29 Litigation release published
2. 2017-04-04 Final judgment on consent entered

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
• Final judgment as to Kerr (Apr. 4, 2017)

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.