SEC v. Paul W. Jorgensen — U.S. Securities and Exchange Commission Litigation Release No. 26635, dated September 10, 2026.
The SEC charged Paul W. Jorgensen, former Chief Revenue Officer of Doximity, Inc., with insider trading. Jorgensen traded on material nonpublic information ahead of two negative earnings announcements, avoiding losses and realizing profits totaling $2,532,775. He consented to a final judgment permanently enjoining him from violating securities laws, barring him from serving as an officer or director, and ordering him to pay disgorgement and prejudgment interest, offset by forfeiture from a parallel criminal action.
Paul Jorgensen, who used to be in charge of sales at a company called Doximity, learned some bad news about the company before it was public. He used this secret information to sell his Doximity stock before the price dropped, saving himself from losing money and making a profit. He was charged by the SEC for doing this and also faced criminal charges, leading to prison time and a requirement to pay back the money he improperly gained.
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.
On September 10, 2026, the U.S. District Court for the Southern District of New York entered a final judgment by consent against Paul W. Jorgensen, whom the SEC previously charged with insider trading in the securities of Doximity, Inc. The SEC's complaint, filed on March 16, 2026, alleged that Jorgensen, Doximity's former Chief Revenue Officer, traded on material nonpublic information ahead of two negative earnings announcements, in August 2022 and August 2023, avoiding losses and realizing profits totaling $2,532,775. In a parallel criminal action, Jorgensen pled guilty to insider trading on January 9, 2026. On May 21, 2026, the court sentenced him to 26 months in prison, followed by 24 months of supervised release, and ordered him to pay forfeiture of $2,532,775. Previously, Jorgensen consented to a judgment, which the Court entered on March 18, 2026, that permanently enjoined him from violating Sections 10(b) and 16(a) of the Securities Exchange Act of 1934 and Rules 10b-5 and 16a-3 thereunder, and permanently barred him from serving as an officer or director of a public company. The final judgment further ordered Jorgensen liable for disgorgement of $2,532,775.00, plus prejudgment interest of $490,077.54, for a total of $3,022,852.54, which the Court offset by the forfeiture of $2,532,775.00 that Jorgensen paid as part of the judgment in the criminal action, leaving Jorgensen with the obligation to pay the balance of $490,077.54 to the SEC.
Named in this action: Paul W. Jorgensen.