SEC v. Ann M. Dishinger, Jerrold I. Palmer, and Lawrence M. Palmer (insider trading, 2022)

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.

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In August 2022 the SEC charged a public relations finance manager and two men with trading Equifax puts before its September 2017 data-breach announcement. Lawrence and Jerrold Palmer consented to judgments totalling $37,000 disgorgement, $8,329 interest and $162,097 in penalties, subject to approval; the case against Ann Dishinger continues.

The record

What was ordered

Civil penalty

$162k

Disgorgement

$37k

Prejudgment interest

$8.3k

Total relief

$207k

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 the case on August 16, 2022 as litigation release 25470, filed in the Northern District of Georgia.

The complaint alleges Dishinger learned of the breach at her firm and tipped her partner Lawrence Palmer, who arranged for a former client to buy out-of-the-money puts and told Jerrold Palmer, whose friend also traded; the two tippee accounts earned about $35,000 and $73,000.

Lawrence Palmer would pay $9,000, $2,026 and $88,698, and Jerrold Palmer $28,000, $6,303 and $73,399; the stored figures are the sums. The earlier record showed a judgment status and only Lawrence's disgorgement and interest.

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.

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. 2022-08-16 Litigation release published

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

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.