SEC v. Marco A Perez, Pedro Perez Jr., and Olivia Perez Durbin (insider trading, 2023)

Settled

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In September 2023 the Securities and Exchange Commission charged siblings Marco Perez, Pedro Perez Jr. and Olivia Perez Durbin with insider trading ahead of United Rentals' April 2021 offer for General Finance Corp., alleging combined profits of $650,000. All three consented to judgments without admitting or denying; Pedro Perez agreed to $141,251.79 in disgorgement with interest and a $127,142.32 penalty, and Durbin to $38,638.28 and $34,867.17, while Marco Perez's amounts were left to be set.

The record

What was ordered

Civil penalty

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Disgorgement

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Prejudgment interest

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Total relief

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Alleged gain

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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 September 28, 2023 as release LR-25862, filing in the Central District of California.

The complaint alleges that Marco Perez, a General Finance accounting manager, learned of the planned acquisition, traded, and tipped his brother and sister, who also bought. The release says the defendants realized combined profits of $650,000. Marco Perez consented to a partial judgment with an officer and director bar and amounts to be determined; the other two consented to judgments carrying the sums stated above, subject to court approval.

The release also notes that the U.S. Attorney's Office for the Central District of California announced parallel criminal charges against Marco Perez.

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. 2023-09-28 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.