SEC v. Brent Cranmer and Daniel McCormick (insider trading, 2026)

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.

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In March 2026 the Securities and Exchange Commission announced final consent judgments, entered March 26, against Brent Cranmer and Daniel McCormick in the Kaman Corporation insider trading case. Both were enjoined; Cranmer was ordered to pay a $50,000 penalty and barred from serving as an officer or director for five years, and McCormick was held liable for $115,598 in disgorgement, deemed satisfied by his criminal forfeiture.

The record

What was ordered

Civil penalty

$50k

Disgorgement

$116k

Prejudgment interest

—

Total relief

$166k

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 these judgments on March 30, 2026 as release LR-26514, in a Southern District of New York case filed August 18, 2025 and recorded separately at filing; Jonathan Whitesides is not covered by this release.

The complaint alleged Cranmer, head of a Kaman subsidiary, tipped Whitesides, who bought call options and tipped McCormick; the two made over a million dollars combined and no one traded for Cranmer.

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. 2026-03-30 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.

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.

This grouping is the library's, made by matching names, techniques, dates and citations when the site is built. It is not the regulator's or a court's determination that the records are one case, and it errs towards missing a link rather than making a false one.

Related actions

Other actions in the library sharing at least one technique tag with this one.

Record added September 10, 2026. submit a correction.