SEC v. Doron A. Tavlin; Afshin Farahan; and David Gantman, No. LR-26367, District of Minnesota (Aug. 6, 2025) — Press Release
raw: Doron A. Tavlin, Afshin Farahan, and David Gantman
Doron A. Tavlin, Afshin Farahan, and David Gantman, No. LR-26367 (Aug. 6, 2025)
summary
Former Mazor Robotics executive Doron A. Tavlin obtained a final judgment for insider trading after tipping friends about Medtronic's acquisition of Mazor, resulting in a permanent officer and director bar.
paragraph
Doron A. Tavlin was charged with insider trading for tipping material nonpublic information regarding Medtronic PLC’s acquisition of Mazor Robotics Ltd. to friends Afshin Farahan and David Gantman. The scheme generated approximately $500,000 in combined trading profits and a $25,000 kickback to Tavlin. Tavlin's final judgment includes a permanent injunction, an officer and director bar, and $32,875.47 in total disgorgement and interest.
narrative
The SEC obtained a final judgment against former Mazor Robotics executive Doron A. Tavlin for insider trading ahead of Medtronic PLC’s 2018 acquisition of Mazor. Tavlin tipped material nonpublic information to Afshin Farahan, who subsequently tipped David Gantman, leading to approximately $500,000 in combined trading profits. In return for the information, Farahan provided Tavlin with a $25,000 kickback. Tavlin consented to a permanent injunction against violating the Securities Exchange Act and received an officer and director bar. He was ordered to pay $25,000 in disgorgement plus $7,875.47 in prejudgment interest. The enforcement action was driven by the SEC’s Market Abuse Unit after detecting suspicious trading patterns. The investigation was supported by the FBI and FINRA.
Classified insider-trading(confidence 100%). EDGAR detection: forms 4/3/5/144· recall 81% / precision 19%. detection rule →
Parties
Securities and Exchange CommissionDoron A. TavlinAfshin FarahanDavid Gantman
Keywords
doron tavlintavlinafshin farahandavid gantmansecurities exchangefarahansecmazortavlin afshinfarahan davidexchange commissionmarket abuseabuse unitdorongantman
Exhibits & Attached Documents (1)
Extracted insights
Dollar amounts 4
- $500K $500,000 $100K–$1M
- $25K $25,000 $10K–$100K
- $25K $25,000 $10K–$100K
- $8K $7,875 <$10K
Entities 5
- person afshin farahan
- person david gantman
- scheme_term insider trading case
- company mazor securities
- agency Securities and Exchange Commission
Triples 11
- Securities And Exchange Commission obtained final judgment Doron a. Tavlin
- Doron a. Tavlin tipped material nonpublic information Afshin Farahan
- Afshin Farahan tipped material nonpublic information David Gantman
- Afshin Farahan made purchases Mazor securities
- David Gantman made purchases Mazor securities
- Afshin Farahan and David Gantman realized trading profits approximately $500,000
- Afshin Farahan gave kickback Doron a. Tavlin
- Doron a. Tavlin consented to final judgment permanently enjoining him from violating Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5
- Court ordered Doron a. Tavlin to pay disgorgement of $25,000 and prejudgment interest of $7,875.47
- Securities And Exchange Commission investigated insider trading case
- Securities And Exchange Commission appreciated assistance U.S. Attorney’s Office for the District of Minnesota, Federal Bureau of Investigation, and Financial Industry Regulatory Authority (FINRA)
PDF (from attached: judgment)
Text layers
Extracted body text (2,212c)
U.S. SECURITIES AND EXCHANGE COMMISSION Litigation Release No. 26367 / August 6, 2025 Securities and Exchange Commission v. Doron A. Tavlin, Afshin Farahan, and David Gantman, No. 22-cv-01723 (D. Minn. filed July 6, 2022) SEC Obtains Final Judgment in Insider Trading Case Against Doron Tavlin On July 25, 2025, the Securities and Exchange Commission obtained a final judgment against Doron A. Tavlin, a former Mazor Robotics Ltd. executive whom the SEC previously charged with insider trading in advance of the September 20, 2018 announcement that Medtronic PLC would acquire Mazor. The complaint alleges that while working as a Mazor executive, Tavlin was involved in discussions regarding Medtronic’s potential acquisition of Mazor. In August 2018, he tipped material nonpublic information about the potential acquisition to his close friend, Afshin Farahan, who then tipped his friend, David Gantman. According to the complaint, Farahan and Gantman both made multiple purchases of Mazor securities and realized approximately $500,000 in combined trading profits. Farahan later gave Tavlin a $25,000 kickback in exchange for the Mazor information, as alleged in the complaint. Tavlin consented to a final judgment permanently enjoining him from violating Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder, and imposing an officer and director bar. He was ordered to pay disgorgement of $25,000, representing his net profits gained as a result of the conduct alleged in the complaint, together with prejudgment interest in the amount of $7,875.47. The case originated from the SEC’s Market Abuse Unit’s Analysis and Detection Center, which uses data analysis tools to detect suspicious trading patterns. The SEC’s litigation is being led by Stephen Kam and supervised by Douglas Miller of the Los Angeles Regional Office. The SEC’s investigation was conducted by Sara Kalin of the Market Abuse Unit, and supervised by Assistant Director Diana Tani and Market Abuse Unit Chief Joseph Sansone. The SEC appreciates the assistance of the U.S. Attorney’s Office for the District of Minnesota, the Federal Bureau of Investigation, and the Financial Industry Regulatory Authority (FINRA).
OCR text (2,212c · html-text · 99% conf)
U.S. SECURITIES AND EXCHANGE COMMISSION Litigation Release No. 26367 / August 6, 2025 Securities and Exchange Commission v. Doron A. Tavlin, Afshin Farahan, and David Gantman, No. 22-cv-01723 (D. Minn. filed July 6, 2022) SEC Obtains Final Judgment in Insider Trading Case Against Doron Tavlin On July 25, 2025, the Securities and Exchange Commission obtained a final judgment against Doron A. Tavlin, a former Mazor Robotics Ltd. executive whom the SEC previously charged with insider trading in advance of the September 20, 2018 announcement that Medtronic PLC would acquire Mazor. The complaint alleges that while working as a Mazor executive, Tavlin was involved in discussions regarding Medtronic’s potential acquisition of Mazor. In August 2018, he tipped material nonpublic information about the potential acquisition to his close friend, Afshin Farahan, who then tipped his friend, David Gantman. According to the complaint, Farahan and Gantman both made multiple purchases of Mazor securities and realized approximately $500,000 in combined trading profits. Farahan later gave Tavlin a $25,000 kickback in exchange for the Mazor information, as alleged in the complaint. Tavlin consented to a final judgment permanently enjoining him from violating Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder, and imposing an officer and director bar. He was ordered to pay disgorgement of $25,000, representing his net profits gained as a result of the conduct alleged in the complaint, together with prejudgment interest in the amount of $7,875.47. The case originated from the SEC’s Market Abuse Unit’s Analysis and Detection Center, which uses data analysis tools to detect suspicious trading patterns. The SEC’s litigation is being led by Stephen Kam and supervised by Douglas Miller of the Los Angeles Regional Office. The SEC’s investigation was conducted by Sara Kalin of the Market Abuse Unit, and supervised by Assistant Director Diana Tani and Market Abuse Unit Chief Joseph Sansone. The SEC appreciates the assistance of the U.S. Attorney’s Office for the District of Minnesota, the Federal Bureau of Investigation, and the Financial Industry Regulatory Authority (FINRA).