The Securities and Exchange Commission today announced the filing of settled insider trading charges against Leonard R. Barr, a Michigan resident and former accountant at Domino's Pizza, Inc.

According to the SEC's complaint, filed in the U.S. District Court for the Eastern District of Michigan, Barr used confidential financial data he obtained through his role as an accountant at Domino's to trade ahead of two Domino's earnings announcements in 2016 and 2020 and obtained illicit profits of $34,180.

The SEC's complaint alleges that Barr violated the antifraud provisions of Section 10(b) of the Securities and Exchange Act of 1934 and Rule 10b-5 thereunder. Without admitting or denying the allegations, Barr consented to the entry of an order, subject to court approval, that permanently enjoins him from violating these provisions, and orders him to pay a civil penalty of $68,360. Barr further agreed to settle an administrative proceeding brought pursuant to Rule 102(e) of the Commission's Rules of Practice by agreeing to be suspended from appearing or practicing before the Commission as an accountant, with the right to reapply for reinstatement after five years.

The SEC's investigation, which is ongoing, was conducted by Jay A. Scoggins, Darren Boerner, and Danielle R. Voorhees of the SEC's Market Abuse Unit, with assistance from Gregory A. Kasper, Regional Trial Counsel of the SEC's Denver Regional Office. The case was supervised by Market Abuse Unit Chief, Joseph G. Sansone. The SEC appreciates the assistance of Financial Industry Regulatory Authority in this matter.