Person · CIK 1645325

Erin McSweeney

EVP & Chief People Officer at Unitedhealth Group; director at Flex

Earlier: Emc

Source: Forms 3, 4, 5 and 144 on SEC EDGAR

Sold on Form 4$9.8M

Noticed on Form 144$8.6M

Bought on Form 4$0

Companies3

Holdings now

As reported after the latest Form 3, 4 or 5 at each company.

How these figures work

Options and RSUs are from the latest filing that lists them; earlier grants may also be held. Holdings can be out of date when a person stops filing.

Company	Security	Held	Shares or units	As of
Unitedhealth Group UNH	Common Stock	Directly	15,654.38	Sep 22, 2026 · Filing · EDGAR
Unitedhealth Group UNH	Non-Qualified Stock Options (right to buy) exercise $282.34, expires Feb 23, 2036, into Common Stock	Directly	19,535	Feb 23, 2026 · Filing · EDGAR
Flex FLEX	Ordinary Shares	Directly	11,440	Aug 5, 2026 · Filing · EDGAR

Sold and noticed by quarter

Sold (Form 4) Noticed (Form 144) Bought (Form 4)

Quarterly totals as a table

Quarter	Sold (Form 4)	Noticed (Form 144)
Q2 2026	$1M	$1M
Q3 2025	$515K	$515K
Q2 2025	$587K	$587K
Q4 2024	$439K	$439K
Q3 2024	$869K	$869K
Q1 2024	$598K	$598K
Q4 2023	$2.7M	$2.7M
Q2 2023	$1.7M	$1.7M
Q1 2023	$206K	$206K
Q4 2022	$574K	Not machine-readable
Q2 2022	$636K	Not machine-readable

Form 144 notices went onto EDGAR as structured data on April 13, 2023. Earlier notices were filed on paper and cannot be read here, so those quarters show no noticed amount.

Planned sales (Form 144) and the sales that followed

Each Form 144 notice of a planned sale, grouped by broker and 10b5-1 plan, with the Form 4 sales we matched to it.

How we match

A Form 144 is a notice of a planned sale by an affiliate. SEC Tracker matches each notice to Form 4 sales by the same person at the same company within 90 days of the notice, up to the shares noticed. The match is our inference, not something either filing states.

Notice date	Noticed	Planned sale	Outcome	Links
Flex FLEX · Fidelity Brokerage Services · No 10b5-1 plan stated · 7 notices
May 22, 2026	2,000 · ~$265K	May 22, 2026	Sold as noticed Sold 2,000 at $132.51 on May 22 · $265K Form 4	Filing · EDGAR
May 14, 2026	3,000 · ~$438K	May 14, 2026	Sold as noticed Sold 3,000 at $145.88 on May 14 · $438K Form 4	Filing · EDGAR
May 12, 2026	2,500 · ~$341K	May 12, 2026	Sold as noticed Sold 2,500 at $136.59 on May 12 · $341K Form 4	Filing · EDGAR
Aug 22, 2025	10,000 · ~$515K	Aug 22, 2025	Sold as noticed Sold 10,000 at $51.47 on Aug 22 · $515K Form 4	Filing · EDGAR
May 16, 2025	14,000 · ~$587K	May 16, 2025	Sold as noticed Sold 14,000 at $41.94 on May 16 · $587K Form 4	Filing · EDGAR
Oct 31, 2023	9,500 · ~$244K	Oct 31, 2023	Sold as noticed Sold 9,500 at $25.64 on Oct 31 · $244K Form 4	Filing · EDGAR
Mar 16, 2023	10,000 · ~$206K	Mar 16, 2023	Sold as noticed Sold 10,000 at $20.60 on Mar 16 · $206K Form 4	Filing · EDGAR
Unitedhealth Group UNH · Fidelity Brokerage Services · No 10b5-1 plan stated · 7 notices
Nov 12, 2024	701 · ~$439K	Nov 11, 2024	Sold as noticed Sold 701 at $626.23 on Nov 11 · $439K Form 4	Filing · EDGAR
Jul 18, 2024	1,500 · ~$869K	Jul 18, 2024	Sold as noticed Sold 1,500 at $579.03 on Jul 18 · $869K Form 4	Filing · EDGAR
Mar 8, 2024	1,237 · ~$598K	Mar 8, 2024	Sold as noticed Sold 1,236.01 at $483.48 on Mar 8 · $598K Form 4	Filing · EDGAR
Oct 16, 2023	4,498 · ~$2.4M	Oct 16, 2023	Sold as noticed Sold 4,498 at $544.28 on Oct 16 · $2.4M Form 4	Filing · EDGAR
Apr 25, 2023	761 · ~$377K	Apr 25, 2023	Sold as noticed Sold 761 at $494.80 on Apr 25 · $377K Form 4	Filing · EDGAR
Apr 24, 2023	1,684 · ~$823K	Apr 24, 2023	Sold as noticed Sold 1,684 at $488.46 on Apr 24 · $823K Form 4	Filing · EDGAR
Apr 21, 2023	1,008 · ~$488K	Apr 21, 2023	Sold as noticed Sold 1,008 at $484.58 on Apr 21 · $488K Form 4	Filing · EDGAR
Sales without a matching Form 144 · 4 sales No matching Form 144 found. Not every sale needs one: small sales and sales by people who are not affiliates are exempt.
—	—	—	Notice not machine-readable Unitedhealth Group (UNH): Sold 450 at $542.30 on Dec 7, 2022 · $244K	Filing · EDGAR
—	—	—	Notice not machine-readable Unitedhealth Group (UNH): Sold 616 at $535.00 on Dec 2, 2022 · $330K	Filing · EDGAR
—	—	—	Notice not machine-readable Unitedhealth Group (UNH): Sold 0.85 at $492.75 on Jun 24, 2022 · $419	Filing · EDGAR
—	—	—	Notice not machine-readable Unitedhealth Group (UNH): Sold 1,273 at $499.00 on Jun 23, 2022 · $635K	Filing · EDGAR

Every transaction, by company

Each Form 3, 4 and 5 transaction in plain words, newest first.

How these figures work

Values are shares times the price each filing states; grants, exercises and gifts usually state no price. Held after is what the filing reports was held once the transaction was done, directly or through the named holder.

Unitedhealth Group UNH EVP & Chief People Officer · filings 2022 to 2026 · sold $7.3M · $6M noticed on Form 144

Date	Transaction	Shares	Price	Value	Held after	Source
Sep 22, 2026	Grant or award from the company	+53.23			15,654.38 direct	Filing · EDGAR
Jun 23, 2026	Grant or award from the company	+48.23			15,601.15 direct	Filing · EDGAR
Mar 17, 2026	Grant or award from the company	+64.89			15,552.92 direct	Filing · EDGAR
Feb 23, 2026	Shares withheld for tax or exercise price	−130.68	$282.34	$37K	10,617.04 direct	Filing · EDGAR
Feb 23, 2026	Grant or award from the company	+4,871			15,488.04 direct	Filing · EDGAR
Feb 23, 2026	Grant or award from the company Non-Qualified Stock Options (right to buy)	+19,535			19,535 direct	Filing · EDGAR
Feb 20, 2026	Shares withheld for tax or exercise price	−136.64	$290.00	$40K	10,902.9 direct	Filing · EDGAR
Feb 20, 2026	Shares withheld for tax or exercise price	−155.18	$290.00	$45K	10,747.72 direct	Filing · EDGAR
Feb 13, 2026	Shares withheld for tax or exercise price	−153.09	$293.19	$45K	11,039.55 direct	Filing · EDGAR
Dec 16, 2025	Grant or award from the company	+38.57			11,192.64 direct	Filing · EDGAR
Sep 23, 2025	Grant or award from the company	+36.84			11,154.07 direct	Filing · EDGAR
Jun 24, 2025	Grant or award from the company	+41.61			11,117.24 direct	Filing · EDGAR
Jun 6, 2025	Shares withheld for tax or exercise price	−130.43	$303.22	$40K	11,075.63 direct	Filing · EDGAR
Mar 18, 2025	Grant or award from the company	+25.26			11,206.06 direct	Filing · EDGAR
Feb 21, 2025	Shares withheld for tax or exercise price	−318.11	$466.42	$148K	11,602.83 direct	Filing · EDGAR
Feb 21, 2025	Shares withheld for tax or exercise price	−206.52	$466.42	$96K	11,396.31 direct	Filing · EDGAR
Feb 21, 2025	Shares withheld for tax or exercise price	−215.51	$466.42	$101K	11,180.8 direct	Filing · EDGAR
Feb 20, 2025	Grant or award from the company	+3,673			10,665.7 direct	Filing · EDGAR
Feb 20, 2025	Shares withheld for tax or exercise price	−1,232.76	$502.42	$619K	9,432.95 direct	Filing · EDGAR
Feb 20, 2025	Grant or award from the company	+2,488			11,920.95 direct	Filing · EDGAR
Feb 20, 2025	Grant or award from the company Non-Qualified Stock Options (right to buy)	+10,553			10,553 direct	Filing · EDGAR
Feb 14, 2025	Shares withheld for tax or exercise price	−138.57	$523.51	$73K	6,992.7 direct	Filing · EDGAR
Dec 17, 2024	Grant or award from the company	+25.85			7,131.27 direct	Filing · EDGAR
Nov 11, 2024	Open-market or private sale	−701	$626.23	$439K	7,105.42 direct	Filing · EDGAR
Sep 24, 2024	Grant or award from the company	+21.74			7,806.42 direct	Filing · EDGAR
Jul 18, 2024	Open-market or private sale	−1,500	$579.03	$869K	7,784.68 direct	Filing · EDGAR
Jun 25, 2024	Grant or award from the company	+25.05			9,284.68 direct	Filing · EDGAR
Jun 7, 2024	Shares withheld for tax or exercise price	−128.11	$490.69	$63K	9,259.63 direct	Filing · EDGAR
Mar 19, 2024	Grant or award from the company	+23.75			9,387.73 direct	Filing · EDGAR
Mar 8, 2024	Open-market or private sale	−1,236.01	$483.48	$598K	9,363.98 direct	Filing · EDGAR
Feb 23, 2024	Shares withheld for tax or exercise price	−203.17	$527.24	$107K	10,600 direct	Filing · EDGAR
Feb 22, 2024	Shares withheld for tax or exercise price	−237.14	$526.50	$125K	10,803.17 direct	Filing · EDGAR
Feb 21, 2024	Grant or award from the company	+2,156			11,040.32 direct	Filing · EDGAR
Feb 21, 2024	Grant or award from the company Non-Qualified Stock Options (right to buy)	+8,173			8,173 direct	Filing · EDGAR
Feb 14, 2024	Shares withheld for tax or exercise price	−136.06	$516.94	$70K	8,884.32 direct	Filing · EDGAR
Feb 13, 2024	Shares withheld for tax or exercise price	−221.22	$516.85	$114K	9,020.38 direct	Filing · EDGAR
Dec 12, 2023	Grant or award from the company	+23.36			9,241.59 direct	Filing · EDGAR
Oct 16, 2023	Option or RSU exercised or converted	+4,498	$302.20	$1.4M	13,716.24 direct	Filing · EDGAR
Oct 16, 2023	Open-market or private sale	−4,498	$544.28	$2.4M	9,218.24 direct	Filing · EDGAR
Oct 16, 2023	Option or RSU exercised or converted Non-Qualified Stock Options (right to buy)	−4,498			4,750 direct	Filing · EDGAR
Sep 19, 2023	Grant or award from the company	+26.42			9,218.24 direct	Filing · EDGAR
Jun 27, 2023	Grant or award from the company	+26.21			9,191.82 direct	Filing · EDGAR
Jun 7, 2023	Shares withheld for tax or exercise price	−127.8	$482.13	$62K	9,165.61 direct	Filing · EDGAR
Apr 25, 2023	Open-market or private sale	−761	$494.80	$377K	9,293.41 direct	Filing · EDGAR
Apr 24, 2023	Open-market or private sale	−1,684	$488.46	$823K	8,675.41 direct	Filing · EDGAR
Apr 24, 2023	Option or RSU exercised or converted	+6,000	$302.20	$1.8M	14,675.41 direct	Filing · EDGAR
Apr 24, 2023	Shares withheld for tax or exercise price	−4,621	$486.60	$2.2M	10,054.41 direct	Filing · EDGAR
Apr 24, 2023	Option or RSU exercised or converted Non-Qualified Stock Options (right to buy)	+6,000			9,248 direct	Filing · EDGAR
Apr 21, 2023	Open-market or private sale	−1,008	$484.58	$488K	10,359.41 direct	Filing · EDGAR
Apr 19, 2023	Option or RSU exercised or converted	+5,345	$262.98	$1.4M	15,207.41 direct	Filing · EDGAR
Apr 19, 2023	Shares withheld for tax or exercise price	−3,840	$491.13	$1.9M	11,367.41 direct	Filing · EDGAR
Apr 19, 2023	Option or RSU exercised or converted Non-Qualified Stock Options (right to buy)	+5,345			5,345 direct	Filing · EDGAR
Mar 21, 2023	Grant or award from the company	+24.14			9,862.41 direct	Filing · EDGAR
Feb 24, 2023	Shares withheld for tax or exercise price	−397.06	$484.33	$192K	9,838.27 direct	Filing · EDGAR
Feb 23, 2023	Grant or award from the company	+2,034	$491.69	$1M	10,235.33 direct	Filing · EDGAR
Feb 23, 2023	Grant or award from the company Non-Qualified Stock Options (right to buy)	+7,442			7,442 direct	Filing · EDGAR
Feb 22, 2023	Grant or award from the company	+783	$488.89	$383K	10,594.28 direct	Filing · EDGAR
Feb 22, 2023	Shares withheld for tax or exercise price	−213.17	$488.89	$104K	10,381.12 direct	Filing · EDGAR
Feb 14, 2023	Grant or award from the company	+533.53	$492.83	$263K	9,941.2 direct	Filing · EDGAR
Feb 14, 2023	Shares withheld for tax or exercise price	−129.92	$492.83	$64K	9,811.29 direct	Filing · EDGAR

15 earlier transactions are in the filing list below.

Flex FLEX Director · filings 2020 to 2026 · sold $2.6M · $2.6M noticed on Form 144

Date	Transaction	Shares	Price	Value	Held after	Source
Aug 5, 2026	Grant or award from the company	+1,928			11,440 direct	Filing · EDGAR
May 22, 2026	Open-market or private sale	−2,000	$132.51	$265K	9,512 direct	Filing · EDGAR
May 14, 2026	Open-market or private sale	−3,000	$145.88	$438K	11,512 direct	Filing · EDGAR
May 12, 2026	Open-market or private sale	−2,500	$136.59	$341K	14,512 direct	Filing · EDGAR
Aug 22, 2025	Open-market or private sale	−10,000	$51.47	$515K	17,012 direct	Filing · EDGAR
Aug 6, 2025	Grant or award from the company	+4,713			27,012 direct	Filing · EDGAR
May 16, 2025	Open-market or private sale	−14,000	$41.94	$587K	22,299 direct	Filing · EDGAR
Aug 8, 2024	Grant or award from the company	+6,889			36,299 direct	Filing · EDGAR
Oct 31, 2023	Open-market or private sale	−9,500	$25.64	$244K	27,227 direct	Filing · EDGAR
Aug 2, 2023	Grant or award from the company	+7,418			36,727 direct	Filing · EDGAR
Mar 16, 2023	Open-market or private sale	−10,000	$20.60	$206K	29,309 direct	Filing · EDGAR
Aug 25, 2022	Grant or award from the company	+9,871			39,309 direct	Filing · EDGAR
Aug 4, 2021	Grant or award from the company	+10,475			29,438 direct	Filing · EDGAR
Aug 7, 2020	Grant or award from the company	+15,866			18,963 direct	Filing · EDGAR
Jun 3, 2020	Grant or award from the company	+3,097			3,097 direct	Filing · EDGAR

Emc EVP, Human Resources · filings 2015 to 2016

Date	Transaction	Shares	Held after	Source
Sep 7, 2016	Returned to the company	−92,830	0 direct	Filing · EDGAR
Sep 6, 2016	Shares withheld for tax or exercise price	−59,716	92,830 direct	Filing · EDGAR
Jul 31, 2016	Shares withheld for tax or exercise price	−900	152,546 direct	Filing · EDGAR
Jul 30, 2016	Shares withheld for tax or exercise price	−2,046	153,446 direct	Filing · EDGAR
Jul 29, 2016	Shares withheld for tax or exercise price	−4,409	155,492 direct	Filing · EDGAR
May 2, 2016	Shares withheld for tax or exercise price	−1,064	159,901 direct	Filing · EDGAR
Feb 10, 2016	Shares withheld for tax or exercise price	−2,327	165,324 direct	Filing · EDGAR
Feb 10, 2016	Returned to the company	−4,359	160,965 direct	Filing · EDGAR
Feb 5, 2016	Shares withheld for tax or exercise price	−1,193	167,651 direct	Filing · EDGAR
Nov 6, 2015	Shares withheld for tax or exercise price	−3,720	168,488 direct	Filing · EDGAR
Jul 31, 2015	Shares withheld for tax or exercise price	−901	172,208 direct	Filing · EDGAR
Jul 30, 2015	Shares withheld for tax or exercise price	−2,048	172,807 direct	Filing · EDGAR
Jul 29, 2015	Grant or award from the company	+56,222	137,373 direct	Filing · EDGAR
Jul 29, 2015	Grant or award from the company	+37,482	174,855 direct	Filing · EDGAR

All 83 Forms 3, 4, 5 and 144

Filed	Form	Company	Links
Sep 24, 2026	Form 4	Unitedhealth Group UNH	Filing · EDGAR
Aug 7, 2026	Form 4	Flex FLEX	Filing · EDGAR
Jun 25, 2026	Form 4	Unitedhealth Group UNH	Filing · EDGAR
May 26, 2026	Form 4	Flex FLEX	Filing · EDGAR
May 22, 2026	Form 144	Flex FLEX	Filing · EDGAR
May 15, 2026	Form 4	Flex FLEX	Filing · EDGAR
May 14, 2026	Form 144	Flex FLEX	Filing · EDGAR
May 12, 2026	Form 144	Flex FLEX	Filing · EDGAR
May 12, 2026	Form 4	Flex FLEX	Filing · EDGAR
Mar 19, 2026	Form 4	Unitedhealth Group UNH	Filing · EDGAR
Feb 25, 2026	Form 4	Unitedhealth Group UNH	Filing · EDGAR
Feb 24, 2026	Form 4	Unitedhealth Group UNH	Filing · EDGAR
Feb 17, 2026	Form 4	Unitedhealth Group UNH	Filing · EDGAR
Dec 18, 2025	Form 4	Unitedhealth Group UNH	Filing · EDGAR
Sep 25, 2025	Form 4	Unitedhealth Group UNH	Filing · EDGAR
Aug 25, 2025	Form 4	Flex FLEX	Filing · EDGAR
Aug 22, 2025	Form 144	Flex FLEX	Filing · EDGAR
Aug 7, 2025	Form 4	Flex FLEX	Filing · EDGAR
Jun 26, 2025	Form 4	Unitedhealth Group UNH	Filing · EDGAR
Jun 9, 2025	Form 4	Unitedhealth Group UNH	Filing · EDGAR
May 16, 2025	Form 144	Flex FLEX	Filing · EDGAR
May 16, 2025	Form 4	Flex FLEX	Filing · EDGAR
Mar 20, 2025	Form 4	Unitedhealth Group UNH	Filing · EDGAR
Feb 24, 2025	Form 4	Unitedhealth Group UNH	Filing · EDGAR
Feb 18, 2025	Form 4	Unitedhealth Group UNH	Filing · EDGAR
Dec 19, 2024	Form 4	Unitedhealth Group UNH	Filing · EDGAR
Nov 13, 2024	Form 4	Unitedhealth Group UNH	Filing · EDGAR
Nov 12, 2024	Form 144	Unitedhealth Group UNH	Filing · EDGAR
Sep 26, 2024	Form 4	Unitedhealth Group UNH	Filing · EDGAR
Aug 9, 2024	Form 4	Flex FLEX	Filing · EDGAR
Jul 19, 2024	Form 4	Unitedhealth Group UNH	Filing · EDGAR
Jul 18, 2024	Form 144	Unitedhealth Group UNH	Filing · EDGAR
Jun 27, 2024	Form 4	Unitedhealth Group UNH	Filing · EDGAR
Jun 11, 2024	Form 4	Unitedhealth Group UNH	Filing · EDGAR
Mar 21, 2024	Form 4	Unitedhealth Group UNH	Filing · EDGAR
Mar 12, 2024	Form 4	Unitedhealth Group UNH	Filing · EDGAR
Mar 8, 2024	Form 144	Unitedhealth Group UNH	Filing · EDGAR
Feb 26, 2024	Form 4	Unitedhealth Group UNH	Filing · EDGAR
Feb 23, 2024	Form 4	Unitedhealth Group UNH	Filing · EDGAR
Feb 15, 2024	Form 4	Unitedhealth Group UNH	Filing · EDGAR
Dec 14, 2023	Form 4	Unitedhealth Group UNH	Filing · EDGAR
Oct 31, 2023	Form 144	Flex FLEX	Filing · EDGAR
Oct 31, 2023	Form 4	Flex FLEX	Filing · EDGAR
Oct 18, 2023	Form 4	Unitedhealth Group UNH	Filing · EDGAR
Oct 16, 2023	Form 144	Unitedhealth Group UNH	Filing · EDGAR
Sep 21, 2023	Form 4	Unitedhealth Group UNH	Filing · EDGAR
Aug 4, 2023	Form 4	Flex FLEX	Filing · EDGAR
Jun 29, 2023	Form 4	Unitedhealth Group UNH	Filing · EDGAR
Jun 8, 2023	Form 4	Unitedhealth Group UNH	Filing · EDGAR
Apr 25, 2023	Form 144	Unitedhealth Group UNH	Filing · EDGAR
Apr 25, 2023	Form 4	Unitedhealth Group UNH	Filing · EDGAR
Apr 24, 2023	Form 144	Unitedhealth Group UNH	Filing · EDGAR
Apr 21, 2023	Form 144	Unitedhealth Group UNH	Filing · EDGAR
Apr 21, 2023	Form 4	Unitedhealth Group UNH	Filing · EDGAR
Mar 23, 2023	Form 4	Unitedhealth Group UNH	Filing · EDGAR
Mar 17, 2023	Form 4	Flex FLEX	Filing · EDGAR
Mar 16, 2023	Form 144	Flex FLEX	Filing · EDGAR
Feb 27, 2023	Form 4	Unitedhealth Group UNH	Filing · EDGAR
Feb 23, 2023	Form 4	Unitedhealth Group UNH	Filing · EDGAR
Feb 15, 2023	Form 4	Unitedhealth Group UNH	Filing · EDGAR
Dec 15, 2022	Form 4	Unitedhealth Group UNH	Filing · EDGAR
Dec 9, 2022	Form 4	Unitedhealth Group UNH	Filing · EDGAR
Dec 6, 2022	Form 4	Unitedhealth Group UNH	Filing · EDGAR
Sep 21, 2022	Form 4	Unitedhealth Group UNH	Filing · EDGAR
Aug 26, 2022	Form 4	Flex FLEX	Filing · EDGAR
Jun 30, 2022	Form 4	Unitedhealth Group UNH	Filing · EDGAR
Jun 27, 2022	Form 4	Unitedhealth Group UNH	Filing · EDGAR
Jun 8, 2022	Form 4	Unitedhealth Group UNH	Filing · EDGAR
Apr 22, 2022	Form 3	Unitedhealth Group UNH	Filing · EDGAR
Aug 6, 2021	Form 4	Flex FLEX	Filing · EDGAR
Aug 7, 2020	Form 4	Flex FLEX	Filing · EDGAR
Jun 5, 2020	Form 4	Flex FLEX	Filing · EDGAR
Jun 5, 2020	Form 3	Flex FLEX	Filing · EDGAR
Sep 8, 2016	Form 4	Emc	Filing · EDGAR
Aug 2, 2016	Form 4	Emc	Filing · EDGAR
May 4, 2016	Form 4	Emc	Filing · EDGAR
Feb 12, 2016	Form 4	Emc	Filing · EDGAR
Feb 9, 2016	Form 4	Emc	Filing · EDGAR
Nov 10, 2015	Form 4	Emc	Filing · EDGAR
Aug 4, 2015	Form 4	Emc	Filing · EDGAR
Jul 31, 2015	Form 4	Emc	Filing · EDGAR
Jun 17, 2015	Form 3/A	Emc	Filing · EDGAR
Jun 17, 2015	Form 3	Emc	Filing · EDGAR

Every figure is as filed with the SEC on Forms 3, 4, 5 and 144. Holdings are the amounts reported after each person's latest filing at each company and can be out of date. Matching a Form 144 notice to Form 4 sales is SEC Tracker's inference from owner, company, dates and share counts, not something the filings state. Not investment advice. Not affiliated with the U.S. SEC.