Final Judgment Entered Against NFL Player for Insider Trading

On Nov. 2, 2018, the SEC filed a related complaint against Hamed A. Ettu, a family friend of Sonoiki, alleging that Ettu also traded based on information that he received from Sonoiki concerning two upcoming corporate acquisitions for a profit — in his case — of about $93,000.

The U.S. District Court for the Eastern District of Pennsylvania entered final judgments on consent against Kendricks and Ettu March 18.

The judgments permanently enjoin them from violating Sections 10(b) and 14(e) of the Securities Exchange Act of 1934, while ordering Kendricks to pay disgorgement of $1.2 million and ordering Ettu to pay disgorgement of $73,244, which accounts for a $20,000 debt Sonoiki owed to Ettu, the SEC said Monday.

The monetary relief was deemed satisfied by forfeiture orders entered against Kendricks and Ettu in a parallel criminal action brought by the U.S. Attorney's Office for the Eastern District of Pennsylvania, the SEC noted.

Kendricks previously pleaded guilty to securities fraud and conspiracy to commit securities fraud, and had not yet been sentenced as of Monday, the SEC said. Ettu pleaded guilty to conspiracy to commit securities fraud and was sentenced to probation for a term of 3 years, including 9 months of home detention, the SEC added.