SEC v. Robert Brian Thompson (insider trading, 2025)

Judgment entered

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In July 2025 the Securities and Exchange Commission announced a final consent judgment, entered July 18, against Robert Brian Thompson, a Federal Reserve Bank of Richmond banking supervisor who traded stock and options of two banks he supervised on non-public earnings information. He was ordered to pay $584,873 in disgorgement and $67,750 in interest, deemed satisfied by a criminal forfeiture; in the parallel case he pleaded guilty and was sentenced to 24 months in prison.

The record

What was ordered

Civil penalty

—

Disgorgement

$585k

Prejudgment interest

$67.8k

Total relief

$653k

Alleged gain

$585k

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 judgment on July 21, 2025 as release LR-26356, in a Eastern District of Virginia case filed November 8, 2024; a bifurcated consent judgment of December 20, 2024 had enjoined him.

The release gives profits of $584,873 for the January 2024 option trades and describes the earlier October 2023 stock purchase of $678,000. The criminal case is United States v. Thompson.

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. 2025-07-21 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.