SEC v. David Blaszczak, et al. (insider trading, 2017)

Settled

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In August 2017 the SEC announced a settlement with Jordan Fogel, a former hedge fund adviser analyst who agreed to cooperate in its case over tips about planned Medicare reimbursement cuts. The court was to decide later on any disgorgement or penalty.

The record

What was ordered

Civil penalty

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Disgorgement

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Prejudgment interest

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Total relief

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Alleged gain

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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 release concerns the SEC's insider trading action against David Blaszczak and others, in which tips of confidential government information about Medicare rate cuts were allegedly passed to a hedge fund advisory firm. Fogel consented to an injunction under Section 17(a), Section 10(b) and Rule 10b-5 without admitting or denying the allegations, and agreed to cooperate.

The judgment leaves disgorgement, interest and penalties to be set by the court on the SEC's motion, so no money is recorded. The release notes a parallel criminal case.

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. 2017-08-08 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.