SEC v. Carl Iberger and Timothy Iberger (insider trading, 2022)

Settled

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In April 2022 the SEC announced settled charges against Precipio's former chief financial officer Carl Iberger and his son Timothy for trading ahead of a July 2020 COVID-19 test distribution announcement. The proposed judgments, subject to court approval, total $68,350 disgorgement, $3,305 interest and $137,573 in penalties.

The record

What was ordered

Civil penalty

$138k

Disgorgement

$68.4k

Prejudgment interest

$3.3k

Total relief

$209k

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 the settled complaint on April 15, 2022 as litigation release 25368, filed in the District of Massachusetts.

Carl Iberger allegedly passed confidential news of the distribution deal to his son and another person; Timothy bought 25,000 shares the day before the announcement. Timothy would disgorge $68,350 and pay a matching penalty; Carl would pay $69,223, equal to his tippees' profits, and accept a five-year officer-and-director bar.

The earlier record showed a final judgment and only Carl's penalty; the settlements still needed court approval.

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. 2022-04-15 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.