SEC v. Christopher James Lollar (insider trading, 2018)

Judgment entered

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In April 2018 the SEC announced a consent judgment against Apache Corporation engineer Christopher Lollar over trades in Apache shares and options before its Alpine High announcement. He was ordered to pay $214,295.07 disgorgement, $7,219.36 interest and an equal penalty, $435,810 in all.

The record

What was ordered

Civil penalty

$214k

Disgorgement

$214k

Prejudgment interest

$7.2k

Total relief

$436k

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 SEC alleged that Lollar, working in Apache's San Antonio office on the Alpine High discovery, traded Apache shares and call options in the weeks before the September 7, 2016 announcement, and that his account rose about 2,700 percent for profits of $214,295.07.

He consented to an injunction under Section 10(b) and Rule 10b-5, disgorgement of $214,295.07, interest of $7,219.36 and a penalty of $214,295.07.

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. 2018-04-04 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.