SEC v. Todd David Alpert (insider trading, 2017)

Settled

✓ Checked against the primary document on October 4, 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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The SEC charged Todd David Alpert, a security guard at a Heinz director's home, with trading ahead of the 2013 Berkshire Hathaway and 3G acquisition. On May 1, 2018 he consented, without admitting or denying, to a judgment with $43,873 disgorgement, $1,627 interest and a $43,873 penalty.

The record

What was ordered

Civil penalty

$43.9k

Disgorgement

$43.9k

Prejudgment interest

$1.6k

Total relief

$89.4k

Alleged gain

$44k

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 matter on March 15, 2017 as release LR-23780. The respondents named are Todd David Alpert (1 individual, 0 entities).

This library tags the matter as insider trading, based on the conduct the regulator describes. Each tag links to a page explaining how that technique works, what statute it engages, and what penalties comparable actions have attracted. The tagging is ours, not the regulator's: agencies charge statutory provisions, not technique names.

The conduct is recorded against equities and options.

Outcome. According to the SEC's release, on May 1, 2018 the Southern District of New York entered a consent judgment against Alpert. He neither admitted nor denied the allegations. The judgment permanently enjoins him from violating Section 10(b) and Rule 10b-5 and orders $43,873 in disgorgement, $1,627 in prejudgment interest and a $43,873 civil penalty. The release does not mention any bar or any criminal case. Checked on 2026-10-04.

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. 2017-03-15 Litigation release published
2. 2018-05-01 Consent judgment entered against Todd David Alpert

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
• SEC litigation release on the consent judgment (LR-24145)

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.