SEC v. Saverio J. Barbera (insider trading, 2018)

Settled

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In April 2018 the SEC charged Saverio Barbera with tipping his father and brother about Owens & Minor's acquisition of Medical Action Industries, which his friend, the target's CEO, had told him. He agreed to a $289,650.72 penalty, twice his relatives' profits of about $145,000, subject to court approval.

The record

What was ordered

Civil penalty

$290k

Disgorgement

—

Prejudgment interest

—

Total relief

$290k

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 in 2014 Barbera told his father and brother to buy Medical Action stock, and that they bought 22,000 shares less than a week before the announcement and sold for combined profits of about $145,000. Without admitting or denying the allegations, Barbera consented to an injunction under Section 10(b) and Rule 10b-5 and the penalty. The settlement was subject to court approval.

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. 2018-04-05 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.

Related actions

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

Record added September 10, 2026. submit a correction.