SEC v. Marwood Group Research, LLC (2015)

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 2015, the Securities and Exchange Commission settled an action with Marwood Group Research, LLC, a political intelligence firm and broker-dealer, over its failure in 2010 to maintain and enforce policies to prevent misuse of confidential information. The release records a civil penalty of $375,000.

The record

What was ordered

Civil penalty

$375k

Disgorgement

—

Prejudgment interest

—

Total relief

$375k

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 announced this matter on November 24, 2015 as release 3-16970. The respondent named is Marwood Group Research, LLC (1 entity). The firm admitted the facts in the order, which found that in 2010 it did not establish, maintain and enforce written policies and procedures reasonably designed to prevent misuse of material nonpublic information, as Exchange Act Section 15(g) and Advisers Act Section 204A require. It consented to a cease-and-desist order and a $375,000 civil penalty payable in four instalments.

The order charges a policy failure and finds no one trading or tipping on the firm's information, so this library no longer tags it as insider trading. No other technique fits, so it carries no technique tag.

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

1. 2015-11-24 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.