SEC v. Nino Coppero del Valle et al. (insider trading, 2016)

Settled

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In September 2016 the SEC sued three Peruvian traders, alleging they traded ahead of a mining-company tender offer on tipped inside information. In March 2017 the SEC reported that each had settled, with permanent injunctions, disgorgement of about $167,000 in total, interest and penalties for two of them. The release does not say who admitted what beyond Carrion's no-admit-or-deny settlement.

The record

What was ordered

Civil penalty

$113k

Disgorgement

$167k

Prejudgment interest

$16.7k

Total relief

$297k

Alleged gain

$112k

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 announced this action on September 29, 2016 as release LR-23660, naming Nino Coppero del Valle, Julio Antonio Castro Roca and Ricardo Carrion. It alleged that Coppero del Valle, who worked for HudBay Minerals, passed non-public information about HudBay's bid for Augusta Resource to friends, who traded on it.

The technique tag is this library's own reading of the conduct the regulator describes; agencies charge statutory provisions, not technique names.

On March 24, 2017 the SEC reported (LR-23790) that the three defendants had settled and the Southern District of New York had approved the settlements. According to the release, Coppero del Valle was ordered to pay $53,607.70 in disgorgement plus $5,382.44 interest; Castro Roca $59,300.02 plus $5,514.97 interest and a penalty of the same $59,300.02; Carrion $54,144.10 plus $5,820.29 interest and an equal penalty. Each was also permanently enjoined. The figures recorded here are sums across the three. The release does not give the injunction provisions, and the entry dates of the individual judgments were not separately checked, so the release date is used. Checked on 2026-10-04.

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. 2016-09-29 Litigation release published
2. 2017-03-24 SEC reports settlements approved by the court

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 on the settlements (LR-23790)

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.