SEC v. Robert O. Carr and Katherine M. Hanratty (insider trading, 2018)

Judgment entered

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In October 2018 a court entered a final judgment against Katherine Hanratty, who bought Heartland Payment Systems stock on tips from her partner, its former CEO Robert Carr. The release gives $277,980 for disgorgement and interest and a $250,628 penalty; the SEC's case against Carr continued.

The record

What was ordered

Civil penalty

$251k

Disgorgement

$251k

Prejudgment interest

$27.4k

Total relief

$529k

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 SEC alleged that Carr gave Hanratty $1 million to open a brokerage account and told her to buy Heartland shares, and she bought more than 11,000 before the merger announcement and sold in one day afterwards. Hanratty consented to an injunction under Section 10(b) and Rule 10b-5. The stored figures split the combined $277,980 using the $250,628 disgorgement shown in the later Carr release, leaving about $27,352 as interest.

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. 2018-10-05 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.