SEC v. Lozuk (insider trading, 2018)

Settled

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In July 2018 the SEC settled with Robert Lozuk, a former Sequenom executive who tipped a friend about LabCorp's tender offer; the friend bought 18,000 shares and made over $26,000. Lozuk consented to an injunction, a $26,643 penalty and a five-year officer-and-director bar.

The record

What was ordered

Civil penalty

$26.6k

Disgorgement

—

Prejudgment interest

—

Total relief

$26.6k

Alleged gain

$26.6k

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 Lozuk, who had signed a confidentiality letter and was bound by company policy, told a friend a week before the July 2016 announcement; the friend bought 18,000 Sequenom shares over two days and sold on the day of the announcement, when the price rose 176 percent. The friend agreed to disgorge $26,643 under a deferred prosecution agreement and is not a defendant here.

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. 2018-08-01 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.