SEC v. Brent Cranmer; Jonathan Whitesides; and Daniel McCormick, No. LR-26378, Southern District of New York (Aug. 18, 2025) — Press Release
raw: Brent Cranmer; Jonathan Whitesides; and Daniel McCormick
Brent Cranmer; Jonathan Whitesides; and Daniel McCormick, No. LR-26378 (S.D.N.Y. Aug. 18, 2025)
summary
The SEC charged Brent Cranmer, Jonathan Whitesides, and Daniel McCormick for an insider trading scheme involving Kaman Corporation that generated over $1 million in profits.
paragraph
Brent Cranmer, Jonathan Whitesides, and Daniel McCormick face charges for violating Section 10(b) of the Securities Exchange Act and Rule 10b-5. The scheme generated over $1 million in profits ahead of Kaman Corporation's acquisition by Arcline Investment Management. The SEC is seeking injunctions, civil penalties, disgorgement, and an officer and director bar against Cranmer.
narrative
The SEC filed charges against former Kaman executive Brent Cranmer and his associates, Jonathan Whitesides and Daniel McCormick, for an insider trading scheme. While serving as a Kaman subsidiary head, Cranmer obtained non-public information regarding Kaman's acquisition by Arcline Investment Management and tipped Whitesides, who then tipped McCormick. This coordination resulted in combined profits exceeding $1 million, though Cranmer did not trade personally. The defendants face civil charges for violating Section 10(b) of the Securities Exchange Act and Rule 10b-5. The SEC seeks injunctions, civil penalties, and an officer and director bar against Cranmer, alongside disgorgement for the other two. Parallel criminal charges were also filed by the U.S. Attorney’s Office for the Southern District of New York.
Classified insider-trading(confidence 100%). EDGAR detection: forms 4/3/5/144· recall 81% / precision 19%. detection rule →
Parties
Securities and Exchange CommissionBrent CranmerJonathan WhitesidesDaniel McCormick
Keywords
cranmerwhitesidesmccormickwhitesides mccormickbrent cranmercranmer jonathanjonathan whitesideswhitesides danieldaniel mccormicksecurities exchangetradingexchange commissioncranmer whitesidesagainst cranmermarket abuse
Exhibits & Attached Documents (1)
Extracted insights
Entities 7
- person Brent Cranmer
- person Daniel McCormick
- person jonathan whitesides
- agency Securities and Exchange Commission
- organization Securities and Exchange Commission
- agency U.S. Attorney’s Office
- organization U.S. Attorney’s Office
Triples 10
- Securities And Exchange Commission filed charges Brent Cranmer, Jonathan Whitesides, And Daniel McCormick
- Brent Cranmer learned Kaman Corporation sale plans
- Brent Cranmer tipped Jonathan Whitesides
- Jonathan Whitesides tipped Daniel McCormick
- Whitesides And McCormick made profits over a million dollars
- Securities And Exchange Commission seeks injunctions and civil penalties
- Securities And Exchange Commission charges Cranmer, Whitesides, And McCormick with violating Section 10(b)
- U.S. Attorney’s Office announced criminal charges against Cranmer, Whitesides, And McCormick
- Sara Kalin And John Rymas conducted investigation
- Securities And Exchange Commission appreciates assistance of U.S. Attorney’s Office, FBI, And Financial Industry Regulatory Authority
PDF (from attached: complaint)
Text layers
Extracted body text (2,433c)
U.S. SECURITIES AND EXCHANGE COMMISSION Litigation Release No. 26378 / August 18, 2025 Securities and Exchange Commission v. Brent Cranmer, Jonathan Whitesides, and Daniel McCormick, No. 25-cv-6816 (S.D.N.Y. filed Aug. 18, 2025) SEC Charges Former Executive and Friends in Insider Trading Scheme On August 18, 2025, the Securities and Exchange Commission filed charges against Brent Cranmer, Jonathan Whitesides, and Daniel McCormick, for their alleged involvement in insider trading that generated over a million dollars in profits from trading in the securities of Kaman Corporation in advance of a January 19, 2024 announcement that Arcline Investment Management, L.P. had offered to acquire Kaman. According to the SEC’s complaint, while Cranmer was working as the head of a Kaman subsidiary, he learned that Kaman was planning to sell itself. Cranmer allegedly tipped his friend Whitesides in an effort to coordinate trading for himself, and then Whitesides tipped his friend, McCormick. The complaint alleges that Whitesides and McCormick made combined profits of over a million dollars by trading in advance of the announcement, but no one traded for Cranmer. The SEC’s complaint, filed in the United States District Court for the Southern District of New York, charges Cranmer, Whitesides, and McCormick with violating Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder, and seeks injunctions and civil penalties against Cranmer, Whitesides, and McCormick, disgorgement plus prejudgment interest against Whitesides and McCormick, and an officer and director bar against Cranmer. In a parallel action, the U.S. Attorney’s Office for the Southern District of New York announced criminal charges against Cranmer, Whitesides, and McCormick on May 23, 2025. The case originated from the SEC’s Enforcement Division’s Market Abuse Unit’s Analysis and Detection Center, which uses data analysis tools to detect suspicious trading patterns. The investigation was conducted by Sara Kalin and John Rymas of the Market Abuse Unit, and was supervised by Assistant Director Diana Tani of the Los Angeles Regional Office and Market Abuse Unit Chief Joseph Sansone. The litigation will be led by Ruth Pinkel of the Los Angeles Regional Office. The SEC appreciates the assistance of the U.S. Attorney’s Office for the Southern District of New York, the FBI, and the Financial Industry Regulatory Authority (FINRA).
OCR text (2,433c · html-text · 99% conf)
U.S. SECURITIES AND EXCHANGE COMMISSION Litigation Release No. 26378 / August 18, 2025 Securities and Exchange Commission v. Brent Cranmer, Jonathan Whitesides, and Daniel McCormick, No. 25-cv-6816 (S.D.N.Y. filed Aug. 18, 2025) SEC Charges Former Executive and Friends in Insider Trading Scheme On August 18, 2025, the Securities and Exchange Commission filed charges against Brent Cranmer, Jonathan Whitesides, and Daniel McCormick, for their alleged involvement in insider trading that generated over a million dollars in profits from trading in the securities of Kaman Corporation in advance of a January 19, 2024 announcement that Arcline Investment Management, L.P. had offered to acquire Kaman. According to the SEC’s complaint, while Cranmer was working as the head of a Kaman subsidiary, he learned that Kaman was planning to sell itself. Cranmer allegedly tipped his friend Whitesides in an effort to coordinate trading for himself, and then Whitesides tipped his friend, McCormick. The complaint alleges that Whitesides and McCormick made combined profits of over a million dollars by trading in advance of the announcement, but no one traded for Cranmer. The SEC’s complaint, filed in the United States District Court for the Southern District of New York, charges Cranmer, Whitesides, and McCormick with violating Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder, and seeks injunctions and civil penalties against Cranmer, Whitesides, and McCormick, disgorgement plus prejudgment interest against Whitesides and McCormick, and an officer and director bar against Cranmer. In a parallel action, the U.S. Attorney’s Office for the Southern District of New York announced criminal charges against Cranmer, Whitesides, and McCormick on May 23, 2025. The case originated from the SEC’s Enforcement Division’s Market Abuse Unit’s Analysis and Detection Center, which uses data analysis tools to detect suspicious trading patterns. The investigation was conducted by Sara Kalin and John Rymas of the Market Abuse Unit, and was supervised by Assistant Director Diana Tani of the Los Angeles Regional Office and Market Abuse Unit Chief Joseph Sansone. The litigation will be led by Ruth Pinkel of the Los Angeles Regional Office. The SEC appreciates the assistance of the U.S. Attorney’s Office for the Southern District of New York, the FBI, and the Financial Industry Regulatory Authority (FINRA).