SEC v. Senvest Management, LLC (2024)

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 April 2024 the Securities and Exchange Commission settled with Senvest Management, an investment adviser, over employees who used personal texting and other off-channel services for firm business from January 2019 to December 2021, so that the firm failed to keep required records and to follow its own policies and code of ethics. Senvest admitted the facts and agreed to a censure, undertakings and a $6.5 million penalty. The order concerns recordkeeping and supervision, not insider trading.

The record

Structured fields for this action, as recorded in our case library.
Agency	SEC
Release number	IA-6581
Date filed	2024-04-03
Status	settled
Criminal parallel	No
Defendants	Senvest Management, LLC (entity)
Cited as charged or alleged	Advisers Act s.204A ; Advisers Act s.206 (statutes and rules cited in the document; not a finding that they were violated)
Techniques

What was ordered

Civil penalty: $6.5m
Disgorgement: —
Prejudgment interest: —
Total relief: $6.5m
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 Securities and Exchange Commission issued this settled order on April 3, 2024 (Advisers Act Release No. 6581, File No. 3-21900).

The order finds that employees at all levels, including supervisors, discussed firm business on off-channel platforms and the firm did not retain most of those communications. It cites recordkeeping and compliance provisions of the Investment Advisers Act and does not charge trading on inside information.

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.

Timeline

2024-04-03 Administrative proceeding instituted (cease-and-desist)

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 order

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.

Record added September 10, 2026. submit a correction.