The Securities and Exchange Commission (SEC) has filed insider trading charges against Ronald Smith, a Connecticut resident and a former 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 on March 30, 2026, 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.