Litigation Releases (Chris Farrant)

U.S. SECURITIES AND EXCHANGE COMMISSION

Litigation Release No. 26653 / September 29, 2026

Securities and Exchange Commission v. Jordan Meadow, et. al., No. 1:23-cv-05573 (S.D.N.Y. filed June 29, 2023)

SEC Charges New Jersey Resident as Additional Defendant in Alleged Insider Trading Scheme

On September 29, 2026, the Securities and Exchange Commission filed an amended complaint to name Chris Farrant, a New Jersey resident, as an additional defendant in a previously filed insider trading case. According to the SEC's amended complaint, Farrant traded in the securities of two issuers based on material nonpublic information he received from his close friend, previously-charged defendant Stephen Teixeira, who had obtained the information from the laptop of his then-romantic partner, an executive assistant at an investment bank.

Additionally, the SEC alleges that Farrant tipped the material nonpublic information he knew to be misappropriated to his close friend, previously-charged defendant Jordan Meadow. The amended complaint further alleges that Meadow then traded on the basis of that information and tipped his colleague and friend, Ronald Smith, who also traded on the basis of that information for himself, his then-girlfriend, and brokerage customers. The SEC previously filed charges against Smith in a separate action.

The amended complaint alleges that the scheme generated illicit profits of approximately $28,600 for Teixeira, $25,860 for Farrant, more than $730,000 for Meadow, and more than $530,000 for Smith. According to the amended complaint, Meadow and Smith allegedly used the misappropriated information to recommend profitable trades to their customers, who made millions of dollars on trades, while Meadow and Smith made hundreds of thousands of dollars in commissions.

The SEC's amended complaint, filed in the U.S. District Court for the Southern District of New York, charges Farrant 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 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.