Paul W. Jorgensen

U.S. SECURITIES AND EXCHANGE COMMISSION

Litigation Release No. 26635 / September 10, 2026

Securities and Exchange Commission v. Paul W. Jorgensen, No. 1:26-cv-02115 (S.D.N.Y. filed Mar. 16, 2026)

SEC Obtains Final Consent Judgment as to Former Chief Revenue Officer Charged with Insider Trading

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., a digital platform provider for U.S. medical professionals.

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.

The SEC’s investigation was conducted by Randall Friedland, Ann Rosenfield, Patrick McCluskey, and Kevin Gershfeld and was supervised by Brian Quinn and Michael Brennan. The SEC’s litigation was led by Christopher Carney under the supervision of James Carlson. The SEC appreciates the assistance of the United States Attorney’s Office for the Southern District of New York, the Federal Bureau of Investigation, and the Financial Industry Regulatory Authority.