SEC v. Arthur P. Pizzello. Jr. and Robert Quattrocchi (insider trading, 2025)
Judgment entered
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.
In September 2025 the Securities and Exchange Commission announced final consent judgments, entered September 10, against Arthur Pizzello Jr. and Robert Quattrocchi for trading Goodness Growth Holdings stock ahead of Verano's February 2022 acquisition announcement. Pizzello was ordered to pay $124,456 in disgorgement, $26,933 in interest and an equal penalty, and Quattrocchi $28,136, $6,002 and $28,136; the case against the other two defendants continues.
The record
| Agency | SEC |
|---|---|
| Release number | LR-26408 |
| Date filed | 2025-09-23 |
| Date resolved | 2025-09-23 |
| Status | judgment |
| Criminal parallel | No |
| Defendants | Arthur P. Pizzello. Jr. ; Robert Quattrocchi |
| Cited as charged or alleged | Exchange Act s.10(b) and Rule 10b-5 |
| Techniques | Insider trading |
What was ordered
- Civil penalty
- $153k
- Disgorgement
- $153k
- Prejudgment interest
- $32.9k
- Total relief
- $338k
- Alleged gain
- $153k
What is alleged to have happened
The Securities and Exchange Commission announced these judgments on September 23, 2025 as release LR-26408, in the Northern District of Illinois case filed January 16, 2025 and recorded separately at filing.
Both were enjoined under Section 10(b) and Rule 10b-5. The recorded totals add the two respondents' stated amounts.
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
- 2025-09-23 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.
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.
| Date filed | Agency | Record | Status |
|---|---|---|---|
| 2025-02-10 | SEC | SEC v. Anthony Marsico and others (insider trading, 2025) | Alleged — pending |
| 2025-09-23 | SEC | SEC v. Arthur P. Pizzello. Jr. and Robert Quattrocchi (insider trading, 2025) | Judgment entered |
Related actions
Other actions in the library sharing at least one technique tag with this one.
| Action | Agency | Filed | Technique | Penalty | Status |
|---|---|---|---|---|---|
| SEC v. Trijya Vakil and Neeraj Visen (insider trading, 2026) | SEC | 2026-09-04 | Insider Trading | $109k | settled |
| CFTC v. Gabriel Perez (insider trading, 2026) | CFTC | 2026-08-28 | Insider Trading | $65k | judgment |
| SEC v. Gavin Wolfe and others (insider trading, 2026) | SEC | 2026-08-21 | Insider Trading | — | filed |
| SEC v. Jesse R. Mitchell (insider trading, 2026) | SEC | 2026-08-21 | Insider Trading | — | filed |
| SEBI v. Arun Kumar Somani and others (insider trading review, Indian Oil Corporation, 2026) | SEBI (India) | 2026-08-13 | Insider Trading | — | dismissed |
| SEC v. Benjamin Tesfaye (insider trading, 2026) | SEC | 2026-08-11 | Insider Trading | $18.7k | settled |