SEC v. David Roda and Andrew Larkin (insider trading, 2022)

Settled

✓ Checked against the primary document on October 3, 2026. The library's summary, tags and figures for this record were compared with the regulator's own document by an AI model (Claude) following written instructions, with sampled and disputed records read a second time. No lawyer has reviewed them. A checked record can still contain errors, and checked does not mean endorsed. See how we check records or report a correction.

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In June 2022 the SEC charged Penn Interactive software engineer David Roda and his friend Andrew Larkin with trading Score Media options and shares before Penn National's $2 billion takeover announcement. Larkin agreed to $5,602 disgorgement, $84 interest and a $5,602 penalty; Roda's amounts are left to the court, subject to approval.

The record

What was ordered

Civil penalty

$5.6k

Disgorgement

$5.6k

Prejudgment interest

$84

Total relief

$11.3k

Alleged gain

$561k

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 June 15, 2022 as litigation release 25422, filed in the Eastern District of Pennsylvania.

The complaint alleges Roda was told of Penn National's interest in Score Media with a warning not to trade, bought 500 out-of-the-money calls for profits of $560,762, and tipped Larkin, who made $5,602. Criminal charges were announced in a parallel case.

The $5,602 figures on the record are Larkin's, not Roda's. The settlements need court approval, so the status is settled rather than judgment.

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. 2022-06-15 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.