SEC v. Douglas A. Roth (insider trading, 2020)

Settled

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In November 2020 the SEC charged Douglas Roth, a former Aceto Corporation chief financial officer, with insider trading. On 11 January 2022 the Eastern District of New York entered a consent judgment with an injunction and an officer-and-director bar; in the parallel criminal case he had been sentenced to six months in prison.

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 Securities and Exchange Commission announced this matter on November 9, 2020 as release LR-24961. The respondents named are Douglas A. Roth (1 individual, 0 entities). The action was brought in the U.S. District Court, Eastern District of New York.

This library tags the matter as insider trading, based on the conduct the regulator describes. Each tag links to a page explaining how that technique works, what statute it engages, and what penalties comparable actions have attracted. The tagging is ours, not the regulator's: agencies charge statutory provisions, not technique names.

The release references a parallel criminal proceeding. Where a criminal case exists, the civil and criminal outcomes are recorded separately, because they resolve on different standards of proof.

Outcome. SEC release LR-25306 says that on 11 January 2022 the court entered a final judgment, to which Roth consented, enjoining him from violating Section 10(b) and Rule 10b-5 and barring him from serving as an officer or director of a public company. The SEC separately suspended him from practicing before it on 10 November 2021. In the parallel criminal case the release says he pleaded guilty on 9 November 2020 and on 7 July 2021 was sentenced to six months in prison, six months of home incarceration, a year of supervised release, a US$150,000 fine and forfeiture of US$147,802.64.

The release states no civil penalty or civil disgorgement for the SEC case; the fine and forfeiture are criminal sanctions and are not entered in the penalty fields.

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. 2020-11-09 Litigation release published
2. 2021-07-07 Sentenced in the parallel criminal case to six months in prison (as reported in SEC LR-25306)
3. 2022-01-11 Final consent judgment entered (SEC LR-25306, published 13 January 2022)

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
• SEC litigation release LR-25306 (final judgment)
• Judgment against Douglas A. Roth

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.

Same matter

The library links these 2 records because they appear to concern one matter: the same lead defendant, an overlapping technique tag and close filing dates, or a shared court docket or a release that cites the other. Records are listed by date filed.

This grouping is the library's, made by matching names, techniques, dates and citations when the site is built. It is not the regulator's or a court's determination that the records are one case, and it errs towards missing a link rather than making a false one.

Related actions

Other actions in the library sharing at least one technique tag with this one.

Record added September 10, 2026. submit a correction.