SEC v. Mohammed Pithapurwala, Ammar Kutiyanawalla, and Alifiya Kutiyanawalla (insider trading, 2022)

Judgment entered

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In June 2022 the SEC announced final judgments against former Snap engineer Mohammed Pithapurwala and his wife Alifiya Kutiyanawalla over tips that led her brother Ammar to buy Snap options before the February 2018 earnings. Penalties were $523,031 and $75,000.

The record

What was ordered

Civil penalty

$598k

Disgorgement

—

Prejudgment interest

—

Total relief

$598k

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 the judgments on June 1, 2022 as litigation release 25403; the court entered them on May 27 in the Central District of California.

The complaint alleged Pithapurwala tipped his brother-in-law Ammar, that the couple funded his trading with $20,000 sent through intermediaries, and that the men agreed to share profits. Alifiya was charged with aiding and abetting. Both consented to injunctions.

The stored penalty is the sum of both judgments; the earlier record showed only Pithapurwala's, and merged the three names. The release reports no judgment against Ammar.

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. 2022-06-01 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.

Same matter

The library links these 2 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.