The U.S. District Court for the Southern District of New York entered a final consent judgment on September 10, 2026, against Paul W. Jorgensen, the former chief revenue officer of Doximity, Inc., in the Securities and Exchange Commission’s insider-trading case. The judgment leaves Jorgensen obligated to pay the SEC $490,077.54 after crediting the $2,532,775 he forfeited in a parallel criminal action.
The SEC’s complaint, filed March 16, 2026, alleged that Jorgensen traded Doximity securities while possessing material nonpublic information before two negative earnings announcements in August 2022 and August 2023. According to the agency, the trades allowed him to avoid losses and realize profits totaling $2,532,775.
In the parallel criminal case, Jorgensen pleaded 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 forfeiture of $2,532,775.
The court had previously entered a consent judgment on March 18, 2026, permanently enjoining Jorgensen from violating Sections 10(b) and 16(a) of the Securities Exchange Act of 1934 and Rules 10b-5 and 16a-3. That judgment also permanently barred him from serving as an officer or director of a public company.
The final judgment found Jorgensen liable for disgorgement of $2,532,775 plus $490,077.54 in prejudgment interest, for a total of $3,022,852.54. The court offset that amount by the $2,532,775 forfeiture he paid under the criminal judgment, resulting in the remaining payment obligation to the SEC.
The SEC identified Randall Friedland, Ann Rosenfield, Patrick McCluskey, and Kevin Gershfeld as the investigators, supervised by Brian Quinn and Michael Brennan. Christopher Carney led the litigation under James Carlson’s supervision, with assistance from the U.S. Attorney’s Office for the Southern District of New York, the Federal Bureau of Investigation, and the Financial Industry Regulatory Authority.