SEC v. Ryan Squillante - Insider Trading Enforcement

SEC Litigation Releases

Filed January 29th, 2026

Detected February 11th, 2026

Summary

The SEC announced a final consent judgment against Ryan Squillante for insider trading. Squillante was ordered to pay disgorgement and prejudgment interest totaling $250,765, which was satisfied by a criminal fine in a parallel case. The SEC alleges he used confidential information to trade in at least ten securities.

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The Securities and Exchange Commission (SEC) has obtained a final consent judgment against Ryan Squillante in its civil enforcement action, Case No. 25-cv-01457, filed in the U.S. District Court for the District of Connecticut. The judgment permanently enjoins Squillante from violating Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5. He is liable for disgorgement of $216,965 and $33,800 in prejudgment interest, which are deemed satisfied by a criminal fine imposed in a parallel criminal case. The SEC's complaint, filed September 5, 2025, alleged Squillante used confidential employment information to illegally profit approximately $216,965 by trading in the securities of at least ten public companies.

This action signifies a final resolution of the SEC's civil claims against Squillante, reinforcing the consequences of insider trading. While the monetary penalties are satisfied by the criminal fine, the permanent injunction serves as a significant deterrent. Regulated entities and individuals in the financial industry should be aware that the SEC actively pursues and obtains judgments against those engaging in insider trading, emphasizing the importance of robust compliance programs and adherence to securities laws to prevent the misuse of material non-public information.

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Ryan Squillante

U.S. SECURITIES AND EXCHANGE COMMISSION

Litigation Release No. 26478 / February 5, 2026

Securities and Exchange Commission v. Ryan Squillante, No. 25-cv-01457 (D. Conn. filed Sept. 5, 2025)

SEC Obtains Final Consent Judgment Against Connecticut Resident Charged with Insider Trading in Multiple Securities

On January 29, 2026, the U.S. District Court for the District of Connecticut entered a final judgment by consent against Connecticut resident Ryan Squillante in the SEC’s civil enforcement action against him.

According to the SEC’s complaint, filed on September 5, 2025, Squillante used confidential information that he obtained in the course of his employment at an investment firm to trade in the securities of at least ten different publicly-traded companies, earning approximately $216,965 in illegal trading profits.

The final judgment permanently enjoins Squillante from violating Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder and orders him liable for disgorgement in the amount of $216,965 and prejudgment interest in the amount of $33,800, which are deemed satisfied by the criminal fine imposed against Squillante in the judgment entered against him in the parallel criminal case, United States v. Squillante, Crim. No. 3:25-cr-106 (D. Conn.).

The SEC’s investigation was conducted by Sarah McAteer, Kathleen Shields, and Michele T. Perillo of the SEC’s Boston Regional Office and Patrick McCluskey of the Market Abuse Unit. The SEC appreciates the assistance of the Financial Industry Regulatory Authority (FINRA).