SEC v. Tomer Feingold and Dov Malnik (insider trading, 2020)

Settled

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Both defendants consented to final judgments in the insider trading case: Dov Malnik on November 22, 2021 with a $2,828,699 penalty, and Tomer Feingold on May 23, 2023 with $1,979,919 in disgorgement and a $1,007,729 penalty. Malnik was also sentenced to 30 months in the criminal case.

The record

What was ordered

Civil penalty

$3.8m

Disgorgement

$2m

Prejudgment interest

—

Total relief

$5.8m

Alleged gain

$4m

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 6, 2020 as release LR-24761. The respondents named are Tomer Feingold and Dov Malnik (2 individuals, 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.

Outcome. Litigation release 25269 (November 23, 2021) reports Malnik's final consent judgment: an injunction against insider trading and tender-offer fraud and a $2,828,699 penalty; he pleaded guilty in the parallel criminal case and was sentenced to 30 months. The court's final judgment as to Feingold, signed May 23, 2023 on his consent, enjoins him, orders $1,979,919 in disgorgement and a $1,007,729 penalty, and the court closed the action. Neither admitted or denied the allegations. The stored figures add the two penalties; Malnik's 30-month sentence is not stored because it applies to one of the two defendants.

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. 2020-03-06 Litigation release published
2. 2021-11-22 Final consent judgment entered against Dov Malnik
3. 2023-05-23 Final consent judgment entered against Tomer Feingold

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 25269 (Malnik judgment)
• Final judgment as to Tomer Feingold

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.