SEC v. Robert Alan Yedid, Andrew Kaufman, Mark Jacobs (insider trading, 2025)

Settled

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In August 2025 the Securities and Exchange Commission charged Robert Yedid, a managing director at a consulting firm serving pharmaceutical and biotechnology companies, and his friends Andrew Kaufman and Mark Jacobs with insider trading that produced over $500,000 in combined profits. It alleges Kaufman and Jacobs traded as many as six companies' securities from 2019 to 2024 on client information Yedid supplied. The defendants consented to judgments with amounts left to the court, and Yedid to a broker association bar and an officer and director bar.

The record

What was ordered

Civil penalty

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Disgorgement

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Prejudgment interest

—

Total relief

—

Alleged gain

$500k

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 August 18, 2025 as release LR-26376, filing in the Southern District of New York on August 14, 2025.

The release says the court will decide the disgorgement, interest and penalties at a later date, so no monetary figure is recorded beyond the alleged combined profit.

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. 2025-08-18 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.