SEC v. Kevin Crotty (insider trading, 2024)

Settled

✓ Checked against the primary document on October 3, 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-crotty-insider-trading-2024) by email

In April 2024 the Securities and Exchange Commission charged Kevin Crotty, a former BP senior manager, with buying TravelCenters of America shares the day before BP announced its acquisition of the company, on information taken from a colleague working on the deal, for an unrealized gain of $30,667. He agreed to a consent judgment, subject to court approval, with an injunction, an officer and director bar, $30,667 in disgorgement, $1,274.50 in interest and a $30,667 penalty; criminal charges were filed in parallel.

The record

What was ordered

Civil penalty

$30.7k

Disgorgement

$30.7k

Prejudgment interest

$1.3k

Total relief

$62.6k

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 April 26, 2024 as release LR-25985, filing in the Northern District of Illinois the same day.

The complaint alleges that Crotty misappropriated confidential information from a BP colleague and bought 848.824 shares on February 15, 2023; TravelCenters' price rose 70.8 percent after the February 16 announcement. The release calls this the SEC's second case over trading ahead of that deal. The U.S. Attorney's Office for the Northern District of Illinois filed a parallel criminal case.

For the regulator's own account of the facts, read the primary document linked above. This page deliberately summarises the structured record rather than reproducing the release.

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. 2024-04-26 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.