SEC v. Mark "Christian" Ramsey (insider trading, 2019)

Settled

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In May 2019 the SEC charged Mark Ramsey, a roommate and business partner of former NFL player Mychal Kendricks, with insider trading in Kendricks's account. On 30 August 2022 a Pennsylvania federal court entered a consent judgment enjoining Ramsey from the charged provisions, with no money amount reported for him. He was convicted at trial in a parallel criminal case and sentenced to 60 days in prison.

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 May 21, 2019 as release LR-24474. The respondents named are Mark "Christian" Ramsey (1 individual, 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 release references a parallel criminal proceeding. Where a criminal case exists, the civil and criminal outcomes are recorded separately, because they resolve on different standards of proof.

Outcome. The SEC's September 2022 release says the Eastern District of Pennsylvania entered final consent judgments on 30 August 2022 against Ramsey and the original tipper, Damilare Sonoiki. Ramsey's judgment permanently enjoins him from Section 10(b), Rule 10b-5, Section 14(e) and Rule 14e-3 violations; the release states no disgorgement or penalty for him (a $15,000 penalty applies to Sonoiki only). It also reports that Ramsey was convicted at trial in the parallel case and sentenced to 60 days in prison, three years of supervised release and a $5,000 fine; because the sentence is stated in days, no sentence in months is recorded. The civil judgment was by consent.

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. 2019-05-21 Litigation release published
2. 2022-08-30 Consent final judgment entered against Ramsey (injunction)

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 litigation release 25524 (final judgments)

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.