SEC v. Robert Yedid, Andrew Kaufman, and Mark Jacobs (insider trading, 2026)

Settled

✓ Checked against the primary document on October 3, 2026. The library's summary, tags and figures for this record were compared with the regulator's own document by an AI model (Claude) following written instructions, with sampled and disputed records read a second time. No lawyer has reviewed them. A checked record can still contain errors, and checked does not mean endorsed. See how we check records or report a correction.

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In July 2026 the Securities and Exchange Commission filed proposed final consent judgments against Robert Yedid, Andrew Kaufman and Mark Jacobs, charged in 2025 over trading that allegedly produced more than $500,000 in combined profits on information Yedid took from his consulting firm's clients. The proposed judgments, subject to court approval, set disgorgement of $146,940.60 for Yedid, $342,861.40 for Kaufman and $36,138 for Jacobs, with $69,598 in interest on the first two. All three pleaded guilty in the parallel criminal case.

The record

What was ordered

Civil penalty

—

Disgorgement

$526k

Prejudgment interest

$69.6k

Total relief

$596k

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 these filings on July 10, 2026 as release LR-26582, in a Southern District of New York case filed August 14, 2025 and recorded separately at filing; the court had earlier entered bifurcated injunctions.

In the criminal case Yedid received 15 months in prison, a $50,000 fine and forfeiture of $244,901; Kaufman time served, a $95,000 fine and forfeiture of $489,802; Jacobs probation, a $20,000 fine and forfeiture of $36,138. The recorded disgorgement and interest add the stated civil amounts.

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. 2026-07-10 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
• Final Judgment - Robert Yedid
• Final Judgment - Andrew Kaufman
• Final Judgment - Mark Jacobs
• Consent Motion for Final Judgments
• Declaration of Nancy Iheanacho
• Declaration of Nancy Iheanacho - Appendix A
• Declaration of Nancy Iheanacho - Appendix B

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.