I thought the enforcement action against the lawyer who had a gain of $4,272 due to alleged insider trading made a statement, and not-so-boldly commented that that had to be pretty close to the record low gain that the SEC had ever bothered pursuing. Well, that record lasted all of one day, as the SEC sued yet another lawyer the following day, in a different case, for trading that allegedly permitted the lawyer to avoid losses of $922.14.

Yes, that's right: Nine Hundred Twenty Two Dollars. And Fourteen Cents.

According to the SEC's press release, the lawyer sold 10,000 shares of "Pay Pop" after learning that certain financing would not close, avoiding losses of $922.14. By my math, that appears to indicate that when the news of the financing became public, Pay Pop stock dropped a whopping Nine Cents....