NEW YORK (TIP): Last October, US District Judge Jed S. Rakoff sentenced the 64-year-old Rajat Gupta to a two-year prison term and a fine of $5 million in the criminal case after a jury had in June 2012 found him guilty of insider trading by illegally tipping corporate secrets to former hedge fund manager Raj Rajaratnam, who ran the Galleon Group. Gupta is appealing the conviction and remains free during the appeal.

The new order imposing an additional $13.9 million fine was issued by Judge Jed S Rakoff on Wednesday, July 17, acting on a civil complaint from the US Securities and Exchange Commission (SEC). In its complaint filed in late 2011, the SEC alleged that Gupta disclosed confidential information to Rajaratnam about Berkshire Hathaway Inc.’s $5 billion investment in Goldman Sachs as well as nonpublic details about Goldman Sachs’ financial results for the second and fourth quarters of 2008.

In addition to imposing the financial penalty, the judge’s order “enjoins Gupta from future violations of the securities laws” by barring him from any post of officer or director in a public limited company, and from any association with any broker, dealer, or investment adviser, the SEC said.