SEC v. Ara Chackerian (insider trading, 2018)

Settled

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In February 2018 the SEC settled proceedings against Ara Chackerian, who it found traded Emeritus stock after a customer's executive told his company of Brookdale's coming acquisition. He agreed to pay $157,207.80 disgorgement, $18,635.55 interest and a $157,207.80 penalty.

The record

What was ordered

Civil penalty

$157k

Disgorgement

$157k

Prejudgment interest

$18.6k

Total relief

$333k

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 Chackerian, a board member and secretary of medical products distributor In Home Medical Solutions, traded Emeritus securities before the February 20, 2014 announcement, using confidential merger information relayed within his company from an Emeritus subsidiary officer, whose business was material to it.

On his consent he must pay disgorgement of $157,207.80, prejudgment interest of $18,635.55 and a civil penalty of $157,207.80.

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. 2018-02-12 Administrative proceeding instituted (cease-and-desist)

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.