Exchange Act s.14(e) and Rule 14e-3
Bans fraud in tender offers and, through Rule 14e-3, trading on undisclosed information about a tender offer; used in takeover-related insider trading. 125 records cite it, filed 2014 to 2026.
Official text: 15 U.S.C. 78n (LII)
Counts
By year filed
- 2014: 4
- 2015: 14
- 2016: 21
- 2017: 16
- 2018: 11
- 2019: 15
- 2020: 10
- 2021: 6
- 2022: 5
- 2023: 8
- 2024: 5
- 2025: 4
- 2026: 6
By agency
- SEC: 125
By status
- Settled: 75
- Judgment entered: 46
- Status unknown: 2
- Alleged, pending: 1
- Dismissed: 1
Technique mix
Most recent matched records
- SEC v. Benjamin Tesfaye (insider trading, 2026)
- SEC v. Weiguo Zhai (insider trading, 2026)
- SEC v. Weizheng Zeng (insider trading, 2026)
- SEC v. Benjamin Taylor and Darina Windsor (insider trading, 2026)
- SEC v. Kevan Sadigh (insider trading, 2026)
- SEC v. Muhammad Saad Shoukat and others (fake press releases, 2026)
- SEC v. Anthony Viggiano, CPA (insider trading, 2025)
- SEC v. David J. Minson (insider trading, 2025)
- SEC v. Justin Chen and Jun Zhen (insider trading, 2025)
- SEC v. Joseph M. Dupont and others (insider trading, 2025)
- SEC v. Philip Markin (insider trading, 2024)
- SEC v. Esmark Inc. and James P. Bouchard (sham tender offers, 2024)
- SEC v. Anders J. Lindgren (insider trading, 2024)
- SEC v. Steven Masterson (insider trading, 2024)
- SEC v. David Schottenstein, Kris Bortnovsky, Ryan Shapiro, Sakal Capital Management, LLC, and Sakal U.S. Fund, LLC (insider trading, 2024)
All 125 matched records
- SEC v. Benjamin Tesfaye (insider trading, 2026)
- SEC v. Weiguo Zhai (insider trading, 2026)
- SEC v. Weizheng Zeng (insider trading, 2026)
- SEC v. Benjamin Taylor and Darina Windsor (insider trading, 2026)
- SEC v. Kevan Sadigh (insider trading, 2026)
- SEC v. Muhammad Saad Shoukat and others (fake press releases, 2026)
- SEC v. Anthony Viggiano, CPA (insider trading, 2025)
- SEC v. David J. Minson (insider trading, 2025)
- SEC v. Justin Chen and Jun Zhen (insider trading, 2025)
- SEC v. Joseph M. Dupont and others (insider trading, 2025)
- SEC v. Philip Markin (insider trading, 2024)
- SEC v. Esmark Inc. and James P. Bouchard (sham tender offers, 2024)
- SEC v. Anders J. Lindgren (insider trading, 2024)
- SEC v. Steven Masterson (insider trading, 2024)
- SEC v. David Schottenstein, Kris Bortnovsky, Ryan Shapiro, Sakal Capital Management, LLC, and Sakal U.S. Fund, LLC (insider trading, 2024)
- SEC v. Joseph M. Dupont et al. (insider trading, 2023)
- SEC v. Brian Marc Rubin (insider trading, 2023)
- SEC v. Anthony Viggiano, Stephen A. Forlano, Christopher Salamone, and Nathan Bleckley (insider trading, 2023)
- SEC v. Marco A Perez, Pedro Perez Jr., and Olivia Perez Durbin (insider trading, 2023)
- SEC v. Jonathan Becker (insider trading, 2023)
- SEC v. Nirdosh Jagota, Ph.D. (insider trading, 2023)
- SEC v. Donna Matuizek (insider trading, 2023)
- SEC v. Melville Peter ten Cate (sham tender offers, 2023)
- SEC v. Brian Wong (insider trading, 2022)
- SEC v. Damilare Sonoiki and Mark Wayne Ramsey (insider trading, 2022)
- SEC v. Lee Simmons (price manipulation, 2022)
- SEC v. Seth Markin and Brandon Wong (insider trading, 2022)
- SEC v. Sepehr Sarshar (insider trading, 2022)
- SEC v. Marc Demane Debih (insider trading, 2021)
- SEC v. Tomer Feingold and Dov Malnik (insider trading, 2021)
- SEC v. Denise Grevas (insider trading, 2021)
- SEC v. Mounir N. Gad (insider trading, 2021)
- SEC v. Nathan E. Guido (insider trading, 2021)
- SEC v. Edgar M. Radjabli, Apis Capital Management LLC and My Loan Doctor LLC (sham tender offers, 2021)
- SEC v. Roland M. Mathys (insider trading, 2020)
- SEC v. Michael J. Pires (insider trading, 2020)
- SEC v. Sepehr Sarshar (insider trading, 2020)
- SEC v. Sean R. Stewart et al. (insider trading, 2020)
- SEC v. Zhuobin Hong, et al. (insider trading, 2020)
- SEC v. Amir Waldman, et al. (insider trading, 2020)
- SEC v. Bryan Cohen and George Nikas (insider trading, 2020)
- SEC v. Mychal Kendricks and Hamed A. Ettu (insider trading, 2020)
- SEC v. Tomer Feingold and Dov Malnik (insider trading, 2020)
- SEC v. James V. Mazzo, et al. (insider trading, 2020)
- SEC v. Amir Waldman, et al. (insider trading, 2019)
- SEC v. Benjamin Taylor, Darina Windsor and Joseph Abdul Noor El-Khouri (insider trading, 2019)
- SEC v. Bryan Cohen and George Nikas (insider trading, 2019)
- SEC v. Daniel Rivas, et al. (insider trading, 2019)
- SEC v. Sean Stewart, et al. (insider trading, 2019)
- SEC v. Lorenz Erne (insider trading, 2019)
- SEC v. Thomas W. Avent, Jr., et al. (insider trading, 2019)
- SEC v. Mark E. Burns (price manipulation, 2019)
- SEC v. Balaji Sundarraj and David O'brien (insider trading, 2019)
- SEC v. Rajeshwar R. Gannamaneni, Deepthi Gandra, and Linga R. Gannamaneni (insider trading, 2019)
- SEC v. Roland M. Mathys (insider trading, 2019)
- SEC v. Christopher Salis, et al. (insider trading, 2019)
- SEC v. Mark "Christian" Ramsey (insider trading, 2019)
- SEC v. Evan R. Kita, et al. (insider trading, 2019)
- SEC v. Walter C. Little and Andrew M. Berke (insider trading, 2019)
- SEC v. Rajeshwar R. Gannamaneni, Deepthi Gandra, and Linga R. Gannamaneni (insider trading, 2018)
- SEC v. James E. Hengen (insider trading, 2018)
- SEC v. Slobodan Dragojlovic (insider trading, 2018)
- SEC v. Kendricks, et al. (insider trading, 2018)
- SEC v. Fei Yan, et al. (insider trading, 2018)
- SEC v. Lozuk (insider trading, 2018)
- SEC v. Madan (insider trading, 2018)
- SEC v. Robert W. Murray (sham tender offers, 2018)
- SEC v. Steven Metro (insider trading, 2018)
- SEC v. Yang Xie (insider trading, 2018)
- SEC v. One or More Unknown Traders in the Securities of Bioverativ, Inc. (insider trading, 2018)
- SEC v. Kenneth Peer (insider trading, 2017)
- SEC v. Robert W. Murray (sham tender offers, 2017)
- SEC v. Sean Stewart et al. (insider trading, 2017)
- SEC v. Peter C. Chang (insider trading, 2017)
- SEC v. Lawrence F. Cluff, Jr., Roger E. Shaoul, and James Shaoul (insider trading, 2017)
- SEC v. Mayank Gupta, et al. (insider trading, 2017)
- SEC v. Evan R. Kita, et al. (insider trading, 2017)
- SEC v. Daniel Rivas, et al. (insider trading, 2017)
- SEC v. Steven V. McClatchey and Gary J. Pusey (insider trading, 2017)
- SEC v. Robert W. Murray (price manipulation, 2017)
- SEC v. Walter C. Little and Andrew M. Berke (insider trading, 2017)
- SEC v. Iat Hong, et al. (hack to trade, 2017)
- SEC v. Charles L. Hill, Jr. (insider trading, 2017)
- SEC v. Lawrence F. Cluff, Jr. and Roger E. Shaoul (insider trading, 2017)
- SEC v. Ariel Darvasi and Amir Waldman (insider trading, 2017)
- SEC v. Steven A. Hartung (insider trading, 2017)
- SEC v. Iat Hong, et al. (hack to trade, 2016)
- SEC v. Christopher Salis, et al. (insider trading, 2016)
- SEC v. Vladimir Eydelman and Steven Metro (insider trading, 2016)
- SEC v. Nino Coppero del Valle et al. (insider trading, 2016)
- SEC v. Frank P. Barucci (insider trading, 2016)
- SEC v. Frank S. Barucci (insider trading, 2016)
- SEC v. Syed A. Hashim (insider trading, 2016)
- SEC v. Vijay S. Rajan (insider trading, 2016)
- SEC v. Frank Tamayo (insider trading, 2016)
- SEC v. Sean Stewart (insider trading, 2016)
- SEC v. Yi Chen, CPA (insider trading, 2016)
- SEC v. Thomas D. Melvin, et al. (insider trading, 2016)
- SEC v. Thomas W. Avent, Jr., Raymond J. Pirrello, Jr., and Lawrence J. Penna (insider trading, 2016)
- SEC v. Christopher Salis, Douglas Miller, Edward Miller, and Barrett Biehl (insider trading, 2016)
- SEC v. Peter D. Nunan (insider trading, 2016)
- SEC v. Steven V. McClatchey and Gary J. Pusey (insider trading, 2016)
- SEC v. Eric J. Wolff (insider trading, 2016)
- SEC v. Yue Han, et al. (insider trading, 2016)
- SEC v. Nicholas A. Prezioso (insider trading, 2016)
- SEC v. Reid A. Hackney, CPA (insider trading, 2016)
- SEC v. Vivian S. Shields (insider trading, 2016)
- SEC v. Vladimir Eydelman (insider trading, 2015)
- SEC v. Robert L. Spallina, et al. (insider trading, 2015)
- SEC v. Richard Condon, et al. (insider trading, 2015)
- SEC v. Maher F. Kara, et al. (insider trading, 2015)
- SEC v. John McEnery III et al. (insider trading, 2015)
- SEC v. Ashish Aggarwal, et al. (insider trading, 2015)
- SEC v. Cedric Cañas Maillard (insider trading, 2015)
- SEC v. Judy K. Wolf (2015)
- SEC v. Frank Tamayo (insider trading, 2015)
- SEC v. Dimitry Braverman and Vitaly Pupynin (insider trading, 2015)
- SEC v. Luis Chang and Everbright Development Overseas, Limited (sham tender offers, 2015)
- SEC v. Frank Perkins Hixon, Jr., et al. (insider trading, 2015)
- SEC v. Hill and Charles L., Jr. (insider trading, 2015)
- SEC v. John Gray et al. (insider trading, 2015)
- SEC v. Robert A. Hemm (insider trading, 2014)
- SEC v. David A. Roskein (insider trading, 2014)
- SEC v. Wilfred J. Halpern, CPA (insider trading, 2014)
- SEC v. Marcus S. Spillson (insider trading, 2014)
What this does not show
These are statutes cited in the record's document where it charges, finds or alleges a violation, not necessarily proven ones. Dismissed and pending matters count as alleged. A release that names no section is not matched, so counts understate use of this provision. The plain-language meaning is a summary, not legal advice.