SEC v. Jon L. Aronson and Elliet N. Aronson (insider trading, 2020)

Settled

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In February 2020 the SEC charged Jon Aronson, an AIG subsidiary lawyer, and his father Elliet with trading Validus shares before AIG's acquisition, and both settled. Each agreed to a $20,310 penalty, and Elliet also to $20,310 disgorgement and $2,100 interest, subject to court approval.

The record

What was ordered

Civil penalty

$40.6k

Disgorgement

$20.3k

Prejudgment interest

$2.1k

Total relief

$63k

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 SEC alleged that Jon learned of the negotiations through his job, bought shares and tipped his father. Jon sold before the announcement; Elliet held and profited $20,310. Both consented to injunctions under Section 10(b) and Rule 10b-5. The stored penalty is the sum of the two.

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. 2020-02-20 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.