Doximity's Ex-CRO Ordered to Pay $490K to SEC
Paul Jorgensen, former chief revenue officer of Doximity, has been ordered by the Securities and Exchange Commission (SEC) to pay nearly $500,000 as part of a final judgment. This follows his guilty plea in May 2026 for insider trading related to material nonpublic information about Doximity's financial performance. Jorgensen was accused of selling tens of thousands of shares based on confidential sales data before two negative earnings reports and again after being terminated, profiting over $2.2 million while avoiding losses. He had already been ordered in a criminal case to forfeit more than $2.5 million and received a 26-month prison sentence. Doximity is a publicly traded medical networking platform that went public in 2021. The SEC's action highlights ongoing regulatory scrutiny of insider trading, particularly among corporate executives.