SEC v. Bryan B. Long (insider trading, 2018)

Settled

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In September 2018 the SEC sued former PayPal reporting director Bryan Long over alleged insider trading in Xoom call options. On 7 May 2019 the court entered a consent order enjoining him and requiring $35,842.49 in disgorgement, $636.66 in interest and a $35,842.49 penalty; the SEC separately suspended him from practising before it as an accountant.

The record

What was ordered

Civil penalty

$35.8k

Disgorgement

$35.8k

Prejudgment interest

$637

Total relief

$72.3k

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 this matter on October 16, 2018 as release LR-24317. The respondents named are Bryan B. Long (1 individual, 0 entities).

This library tags the matter as insider trading, based on the conduct the regulator describes. Each tag links to a page explaining how that technique works, what statute it engages, and what penalties comparable actions have attracted. The tagging is ours, not the regulator's: agencies charge statutory provisions, not technique names.

The conduct is recorded against options.

An SEC administrative order of May 2019 describes the outcome. On 7 May 2019 the court entered an order, by consent, permanently enjoining Long from antifraud violations and ordering disgorgement of $35,842.49, prejudgment interest of $636.66 and a civil penalty of $35,842.49, matching the profit the complaint attributed to the options trades. The Commission also suspended him from appearing or practising before it as an accountant, with the right to ask for reinstatement after three years. The order does not mention a criminal case, and we did not see the court order itself.

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. 2018-10-16 Litigation release published
2. 2019-05-07 Consent order entered: injunction, $35,842.49 disgorgement, $636.66 interest, $35,842.49 penalty

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
• SEC administrative order against Bryan Long

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.