SEC v. Rajeshwar R. Gannamaneni, Deepthi Gandra, and Linga R. Gannamaneni (insider trading, 2019)

Settled

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In June 2019 the SEC announced that Rajeshwar Gannamaneni, an IT contractor at an investment bank's Singapore branch, agreed to pay $376,414 disgorgement, $39,379 interest and a $376,414 penalty, subject to court approval. The SEC moved to dismiss its claims against his wife and father.

The record

What was ordered

Civil penalty

$376k

Disgorgement

$376k

Prejudgment interest

$39.4k

Total relief

$792k

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 complaint alleged that he used non-public information about mergers, acquisitions and tender offers to trade ahead of at least 40 corporate events in his own name and in accounts held by relatives. He agreed to an injunction under Section 10(b), Section 14(e) and the related rules.

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. 2019-06-27 Litigation release published

Primary documents

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• 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

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Related actions

Other actions in the library sharing at least one technique tag with this one.

Record added September 10, 2026. submit a correction.