SEC v. Edward J. Kosinski (insider trading, 2016)

Settled

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In August 2016 the SEC charged cardiologist Edward Kosinski with insider trading in Regado Biosciences stock ahead of two negative trial announcements. He was convicted at a criminal trial and sentenced to six months, and on April 20, 2021 a Connecticut federal court entered a consent final judgment in the civil case.

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 August 4, 2016 as release LR-23611. The respondents named are Edward J. Kosinski (1 individual, 0 entities).

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 conduct is recorded against equities.

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.

SEC release 25077 reports that on April 20, 2021 the District of Connecticut entered a final judgment by consent against Kosinski, enjoining him from future violations of the antifraud provisions; the release states no disgorgement or penalty in the civil case. Release 24294 reports that in the parallel criminal case a jury convicted him in November 2017 of two counts of securities fraud and that he was sentenced to six months in prison and a $500,000 fine. The civil judgment was by consent, so it is not a finding of fact. Checked on 2026-10-04.

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. 2016-08-04 Litigation release published
2. 2018-09-28 Sentenced to six months and a $500,000 fine in the criminal case (SEC LR-24294)
3. 2021-04-20 Final consent judgment entered in the civil case (SEC LR-25077)

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 24294 (criminal sentence)
• SEC litigation release 25077 (consent judgment)

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 3 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.