SEC v. Edward J. Kosinski (insider trading, 2018)

Settled

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The SEC sued cardiologist Edward Kosinski over insider trading in Regado Biosciences stock based on confidential clinical-trial news. On 20 April 2021 the District of Connecticut entered a consent judgment enjoining him; in the parallel criminal case he was convicted, sentenced to six months in prison and fined $500,000.

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 September 28, 2018 as release LR-24294. 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.

A parallel criminal proceeding is referenced, with a custodial sentence of 6 months recorded. Criminal and civil outcomes are tracked separately throughout this site.

A later SEC litigation release shows the civil case ended in a consent judgment entered on 20 April 2021 in the District of Connecticut. The judgment permanently enjoins Kosinski from antifraud violations; the release states no civil disgorgement, interest or penalty. In the parallel criminal case he was convicted on two counts of securities fraud and sentenced to six months in prison with a $500,000 fine, and that fine is a criminal one, so it is not recorded in the civil money fields. The release does not say whether he admitted or denied the allegations. The civil complaint was filed in 2016, earlier than the 2018 date this record carries.

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. 2018-09-28 Litigation release published
2. 2021-04-20 Final consent judgment entered enjoining Kosinski

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-25077 (final 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.