Litigation Releases (Lloyd Anderson Wilson, C.P.A.)

U.S. SECURITIES AND EXCHANGE COMMISSION

Litigation Release No. 26649 / September 28, 2026

Securities and Exchange Commission v. Lloyd Anderson Wilson, C.P.A., No. 1:26-cv-05530-TRJ (N.D. Ga. Filed Sept. 24, 2026)

SEC Files Settled Action as to Georgia CPA Charged with Insider Trading

On September 24, 2026, the Securities and Exchange Commission filed settled charges against Lloyd Anderson Wilson, a certified public accountant formerly employed by Vital Farms, Inc., for allegedly insider trading in Vital Farms' securities based on confidential information he obtained during his employment.

According to the SEC's complaint, between November 2021 and March 2023, Wilson was corporate controller at Vital Farms. In that role, Wilson had access to material nonpublic information relating to Vital Farms' financial performance and earnings. Also according to the complaint, Wilson purchased shares of Vital Farms in November 2022, March 2023 and May 2023, respectively, each time on the day before the company's scheduled earnings announcements and periodic filings with the Commission. The complaint alleges that Wilson's illegal trading generated profits for him of more than $21,000.

The SEC's complaint, filed in the U.S. District Court for the Northern District of Georgia, charges Wilson with violating the antifraud provisions of Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder. The complaint seeks an injunction, disgorgement with prejudgment interest, a civil penalty, and an officer-and-director bar as to Wilson.

Wilson consented to the entry of a final judgment, subject to court approval, which would permanently enjoin him from violating the charged provisions of the federal securities laws. The final judgment, if approved, also would impose a five-year bar on Wilson from serving as a public-company officer or director and order him to pay disgorgement of $21,524.97, plus prejudgment interest of $4,845.92 and a civil penalty of $21,524.97.

Wilson also consented to the issuance of an administrative order pursuant to Rule 102(e)(3)(i) of the Commission's Rules of Practice, suspending him from appearing or practicing before the Commission as an accountant, with the right to apply for reinstatement after five years.

The SEC's investigation was conducted by Brian M. Basinger and Krysta M. Cannon of the Atlanta Regional Office and supervised by Stephen E. Donahue and Justin C. Jeffries. The litigation will be led by Robert K. Gordon, with the assistance of Mr. Basinger, and will be supervised by M. Graham Loomis.

The SEC appreciates the assistance of the Ontario Securities Commission.