SEC v. Walter C. Little and Andrew M. Berke (insider trading, 2019)

Judgment entered

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In February 2019 a court entered consent judgments against former law firm partner Walter Little and his neighbor Andrew Berke. Little's $452,998 and Berke's $555,269 disgorgement were deemed satisfied by criminal forfeiture, in Berke's case together with a payment to the SEC. Little was sentenced to 27 months.

The record

What was ordered

Civil penalty

—

Disgorgement

$1m

Prejudgment interest

—

Total relief

$1m

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 judgments, entered February 14 and 22, 2019, enjoin both men under Sections 10(b) and 14(e) and Section 17(a). Both had pleaded guilty. Berke was sentenced to time served and three years of supervised release. The stored disgorgement is the sum of the two obligations.

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. 2019-02-22 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.

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.