SEC v. George W. Haywood (insider trading, 2022)

Judgment entered

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In July 2022 the SEC charged private investor George Haywood with selling Neurotrope shares after receiving confidential information about a registered direct offering. On February 28, 2023 the D.C. district court granted the SEC's unopposed motion and entered final judgment ordering disgorgement of $179,297, deemed satisfied by a forfeiture order in the parallel criminal case. The order also kept in place the earlier injunction and officer-and-director bar.

The record

What was ordered

Civil penalty

—

Disgorgement

$179k

Prejudgment interest

—

Total relief

$179k

Alleged gain

—

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 July 7, 2022 as release LR-25440. The respondents named are George W. Haywood (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.

Outcome. The court's Order and Final Judgment, dated February 28, 2023 (D.D.C. No. 22-1971), grants the SEC's unopposed motion for disgorgement. Haywood is liable for disgorgement of $179,297, described as losses avoided, and that obligation is deemed satisfied by the court's forfeiture order of $179,297.18 in the parallel criminal case, United States v. Haywood, No. 1:22-cr-237. The judgment incorporates a December 21, 2022 order, entered on Haywood's consent, that permanently restrained him from violating Section 10(b) and Rule 10b-5 and barred him from acting as an officer or director of issuers with registered securities. No civil penalty or prejudgment interest appears in the judgment. The document does not give a criminal sentence.

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. 2022-07-07 Litigation release published
2. 2023-02-28 Order and Final Judgment entered (disgorgement of $179,297 deemed satisfied by criminal forfeiture)

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
• Order and Final Judgment (D.D.C.)

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.