On January 29, 2026, a Connecticut federal judge approved a settlement between the Securities and Exchange Commission and Connecticut resident Ryan Squillante that orders him to pay disgorgement of $216,935 and prejudgment interest of $33,800 for his role in an insider trading scheme.
The settlement comes just months after Squillante was sentenced to two months in prison, 18 months of supervised release, and ordered to pay a $331,368 fine in September 2025, in connection with parallel criminal charges that were filed by federal prosecutors in Connecticut. Squillante pleaded guilty to one count of securities fraud, in June 2025, for allegedly making illegal securities trades while working as Head of Equity Trading for Colorado-based Irving Investors. Between 2022 and 2023, Squillante allegedly bought or sold securities of various publicly-traded companies on 15 separate occasions based on MNPI obtained during the course of his employment. The illegal trades allegedly enabled him to generate $220,912 in total profits.