SEC v. Ronald Smith, No. LR-26513, Southern District of New York (Mar. 30, 2026) — Press Release
raw: Ronald Smith
Ronald Smith, No. LR-26513 (S.D.N.Y. Mar. 30, 2026)
summary
Ronald Smith, a former broker-dealer, faces SEC charges for an insider trading scheme that generated $530,000 in personal profits and millions for his customers.
paragraph
The SEC charged Ronald Smith with violating Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5. Smith allegedly used misappropriated information to generate $530,000 in personal illicit profits and millions in profits for shared customers. The Commission is seeking injunctive relief, disgorgement with prejudgment interest, and civil monetary penalties.
narrative
The SEC filed insider trading charges against Ronald Smith, a Connecticut resident and former broker-dealer, for utilizing misappropriated material nonpublic information. Smith received information from Jordan Meadow, who had obtained it from Steven Teixeira, who in turn misappropriated it from an investment bank employee's laptop. Through this scheme, Smith generated approximately $530,000 in personal illicit profits and facilitated millions of dollars in profits for shared customers. Additionally, Smith and Meadow split hundreds of thousands of dollars in commissions from these coordinated trades. The SEC is seeking injunctive relief, disgorgement with prejudgment interest, and civil monetary penalties. This litigation follows previous insider trading charges filed against Meadow and Teixeira in June 2023.
Classified insider-trading(confidence 99%). EDGAR detection: forms 4/3/5/144· recall 81% / precision 19%. detection rule →
Parties
Securities and Exchange CommissionRonald Smith
Keywords
smithronald smithsecurities exchangesecuritiessecinformationinsider tradingmaterial nonpublicnonpublic informationphiladelphia regionalmarket abuseabuse unitmeadowronaldexchange
Exhibits & Attached Documents (1)
Extracted insights
Dollar amounts 1
- $530K $530,000 $100K–$1M
Entities 5
- person jordan meadow
- person ronald smith
- agency Securities and Exchange Commission
- person shared customers
- person steven teixeira
Triples 10
- Securities and Exchange Commission filed charges against Ronald Smith
- Ronald Smith traded in securities of at least two public companies
- Ronald Smith generated approximately $530,000 in illicit profits
- Ronald Smith received information from Jordan Meadow
- Jordan Meadow obtained information from Steven Teixeira
- Steven Teixeira misappropriated information from laptop of an executive assistant at an investment bank
- Ronald Smith and Jordan Meadow recommended trades to shared customers
- Ronald Smith and Jordan Meadow split hundreds of thousands of dollars in commissions
- Securities and Exchange Commission filed charges against Jordan Meadow and Steven Teixeira
- Ronald Smith verb violating Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5
PDF (from attached: complaint)
Text layers
Extracted body text (2,491c)
U.S. SECURITIES AND EXCHANGE COMMISSIONLitigation Release No. 26513 / March 30, 2026Securities and Exchange Commission v. Ronald Smith, No. 26-cv-02582 (S.D.N.Y. filed Mar. 30, 2026)SEC Charges Connecticut Resident in Alleged Insider Trading SchemeOn March 30, 2026, the Securities and Exchange Commission filed insider trading charges against Ronald Smith, a Connecticut resident and then-registered representative for a New York-based broker-dealer, who was allegedly tipped material nonpublic information misappropriated from the laptop of an employee of a New York-based investment bank to trade in the securities of at least two public companies.According to the SEC’s complaint, Smith traded in the securities of two issuers based on material nonpublic information he received from his close friend and colleague, Jordan Meadow. The complaint alleges that Meadow obtained the information from Steven Teixeira, who had misappropriated the information from the laptop of his then-romantic partner, an executive assistant at the investment bank. As alleged, Smith traded based on the material nonpublic information and generated approximately $530,000 in illicit profits. Additionally, according to the complaint, Smith and Meadow used the misappropriated information to recommend trades to their shared customers, which resulted in millions of dollars in profits for their customers and hundreds of thousands of dollars in commissions that Smith and Meadow split evenly.The SEC’s complaint, filed in U.S. District Court for the Southern District of New York, charges Smith with violating Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder and seeks injunctive relief, disgorgement with prejudgment interest, and civil monetary penalties. The Commission previously filed insider trading charges against Meadow and Teixeira in June 2023.The SEC’s investigation was conducted by Norman P. Ostrove of the SEC’s Philadelphia Regional Office and Julia C. Green of the Division of Enforcement’s Market Abuse Unit, with assistance from John S. Rymas of the Market Abuse Unit’s Analysis and Detection Center. It was supervised by Scott A. Thompson of the Philadelphia Regional Office and Joseph G. Sansone, Chief of the Market Abuse Unit. The litigation will be led by Kara F. Sweet and supervised by Gregory Bockin of the Philadelphia Regional Office. The SEC appreciates the assistance of the FBI and the U.S. Attorney’s Office for the Southern District of New York.
OCR text (2,491c · html-text · 99% conf)
U.S. SECURITIES AND EXCHANGE COMMISSIONLitigation Release No. 26513 / March 30, 2026Securities and Exchange Commission v. Ronald Smith, No. 26-cv-02582 (S.D.N.Y. filed Mar. 30, 2026)SEC Charges Connecticut Resident in Alleged Insider Trading SchemeOn March 30, 2026, the Securities and Exchange Commission filed insider trading charges against Ronald Smith, a Connecticut resident and then-registered representative for a New York-based broker-dealer, who was allegedly tipped material nonpublic information misappropriated from the laptop of an employee of a New York-based investment bank to trade in the securities of at least two public companies.According to the SEC’s complaint, Smith traded in the securities of two issuers based on material nonpublic information he received from his close friend and colleague, Jordan Meadow. The complaint alleges that Meadow obtained the information from Steven Teixeira, who had misappropriated the information from the laptop of his then-romantic partner, an executive assistant at the investment bank. As alleged, Smith traded based on the material nonpublic information and generated approximately $530,000 in illicit profits. Additionally, according to the complaint, Smith and Meadow used the misappropriated information to recommend trades to their shared customers, which resulted in millions of dollars in profits for their customers and hundreds of thousands of dollars in commissions that Smith and Meadow split evenly.The SEC’s complaint, filed in U.S. District Court for the Southern District of New York, charges Smith with violating Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder and seeks injunctive relief, disgorgement with prejudgment interest, and civil monetary penalties. The Commission previously filed insider trading charges against Meadow and Teixeira in June 2023.The SEC’s investigation was conducted by Norman P. Ostrove of the SEC’s Philadelphia Regional Office and Julia C. Green of the Division of Enforcement’s Market Abuse Unit, with assistance from John S. Rymas of the Market Abuse Unit’s Analysis and Detection Center. It was supervised by Scott A. Thompson of the Philadelphia Regional Office and Joseph G. Sansone, Chief of the Market Abuse Unit. The litigation will be led by Kara F. Sweet and supervised by Gregory Bockin of the Philadelphia Regional Office. The SEC appreciates the assistance of the FBI and the U.S. Attorney’s Office for the Southern District of New York.