SEC v. Kevin A. Van de Grift and Gil Friedman (insider trading, 2023)

Settled

✓ Checked against the primary document on October 4, 2026. The library's summary, tags and figures for this record were compared with the regulator's own document by an AI model (Claude) following written instructions, with sampled and disputed records read a second time. No lawyer has reviewed them. A checked record can still contain errors, and checked does not mean endorsed. See how we check records or report a correction.

Report an error in this record (sec-kevin-a-van-de-grift-insider-trading-2023) by email

In February 2023 the SEC charged Kevin Van de Grift and Gil Friedman with insider trading ahead of the 2018 Verifone acquisition. Both consented to final judgments, Friedman in April 2024 and Van de Grift in January 2026, with combined penalties of $596,000, disgorgement of $298,000 and interest of $69,022.67, plus five-year officer-and-director bars.

The record

What was ordered

Civil penalty

$596k

Disgorgement

$298k

Prejudgment interest

$69k

Total relief

$963k

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 February 23, 2023 as release LR-25645. The respondents named are Kevin A. Van de Grift and Gil Friedman (2 individuals, 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.

Both defendants settled. Gil Friedman consented to a final judgment entered April 5, 2024 that enjoins him, bars him from serving as an officer or director of a public company for five years and imposes a $298,000 civil penalty (SEC release LR-25976). Kevin Van de Grift consented to a final judgment entered January 27, 2026 that enjoins him, imposes the same five-year officer-and-director bar, and orders disgorgement of $298,000, prejudgment interest of $69,022.67 and a $298,000 civil penalty (LR-26473). Both agreed, without admitting or denying the allegations, to settle related Rule 102(e) proceedings that suspend them from practising before the SEC as accountants, with a right to apply for reinstatement after five years. The recorded figures add the two defendants' amounts.

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. 2023-02-23 Litigation release published
2. 2024-04-05 Consent final judgment as to Gil Friedman (penalty $298,000, five-year officer-and-director bar)
3. 2026-01-27 Consent final judgment as to Kevin A. Van de Grift (disgorgement, interest, penalty, bar)

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 release on judgment against Gil Friedman
• SEC release on judgment against Kevin A. Van de Grift

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.