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The SEC said the employees had bought shares ahead of a rights and warrant issue by the company.
Information on the rights issue had been made public on August 17.
An SEC probe had found that the five "had been privy to the unpublished price sensitive information pertaining to the Rights Issue of shares with attached warrants or at least regarding a new issue of shares relating to SMB at the time purchases," when they bought the stock.
The insider case is the latest in a series of actions as the SEC cracked down on widespread fraud and manipulation that had dented confidence.
The watchdog said on September 14 that it would take one broker to court for manipulating stock in construction firm and warned several others.
It also cracked down on Environmental Resources Investments, a firm that claimed to own platinum stock for misleading investors.