SEC v. Avaneesh Krishnamoorthy (insider trading, 2017)

Judgment entered

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In September 2017 a court entered a judgment against Avaneesh Krishnamoorthy, a former investment bank risk manager who traded on advance news of a private equity takeover. It orders disgorgement of $78,712.80, deemed satisfied by forfeiture or payment to prosecutors, plus $1,216.28 interest, and he agreed to lifetime industry and penny stock bars.

The record

What was ordered

Civil penalty

—

Disgorgement

$78.7k

Prejudgment interest

$1.2k

Total relief

$79.9k

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 final judgment, entered September 26, 2017, enjoins Krishnamoorthy under Section 17(a) and Section 10(b), and orders disgorgement of $78,712.80 deemed satisfied either by a forfeiture order in the parallel criminal case or by proof of payment to the U.S. Attorney's Office, with $1,216.28 in interest. He also agreed to lifetime bars from the securities industry and from penny stock offerings.

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. 2017-09-29 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.