The SEC charged Robert J. Schettino with insider trading ahead of the company’s February 2020 earnings announcement in which Napco reported a decline in revenues from security equipment sales below analyst consensus figures, thereby avoiding losses of $198,566 when the company’s stock price decreased.

Schettino agreed to pay a disgorgement of $198,566, prejudgment interest of $38,815, and a civil penalty of $198,566. The SEC order also denies Schettino the privilege of appearing or practicing before the Commission as an accountant.