SEC v. David J. Minson (insider trading, 2025)

Settled

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In August 2025 the Securities and Exchange Commission settled with David Minson, finding that in September 2023 he misappropriated information from a close family member, a senior Blue Apron executive, about Wonder Group's tender offer for Blue Apron, and traded before the September 29 announcement, after which the stock rose over 130 percent. He agreed to a cease-and-desist order, $550,842.13 in disgorgement, $41,606.34 in interest and an equal penalty, payable in instalments.

The record

What was ordered

Civil penalty

$551k

Disgorgement

$551k

Prejudgment interest

$41.6k

Total relief

$1.1m

Alleged gain

$551k

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 issued this settled order on August 22, 2025 (Release No. 34-103764).

The order finds that Minson misappropriated the information on at least two occasions from a relative with whom he shared confidences, and charges Sections 10(b) and 14(e) and Rules 10b-5 and 14e-3(a).

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. 2025-08-22 Administrative proceeding instituted (cease-and-desist)

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 order

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.