SEC v. Lloyd Anderson Wilson, C.P.A. — U.S. Securities and Exchange Commission Litigation Release No. 26649, dated September 28, 2026.
The SEC charged Lloyd Anderson Wilson, a former corporate controller at Vital Farms, with insider trading. Wilson allegedly used material nonpublic information about the company's financial performance to trade Vital Farms stock before earnings announcements, generating over $21,000 in illegal profits. He consented to a settlement including disgorgement, prejudgment interest, a civil penalty, and a five-year officer and director bar.
Imagine you work for a company and learn some really important, secret news about how well it's doing before anyone else does. It's like knowing the answer to a surprise test before it's given! This person used that secret info to buy and sell company stock, making money because he knew what would happen. The SEC stepped in because this isn't fair to other investors who don't have the secret info.
Disclaimer: all facts are drawn from the SEC's own filings; the claims described are allegations unless and until a court rules or the parties settle, and some cases end in dismissal.
The SEC filed settled charges against Lloyd Anderson Wilson, a CPA formerly employed by Vital Farms, Inc., for insider trading. Wilson allegedly used confidential information about Vital Farms’ financial performance to trade the company’s securities before earnings announcements, generating over $21,000 in illegal profits. Wilson consented to a final judgment permanently enjoining him from violating antifraud provisions, imposing a five-year officer and director bar, and ordering him to pay disgorgement of $21,524.97, plus prejudgment interest of $4,845.92, and a civil penalty of $21,524.97. He also consented to an administrative order suspending him from practicing before the SEC as an accountant for five years.