SEC v. Chris Farrant — U.S. Securities and Exchange Commission Litigation Release No. 26653, dated September 29, 2026.
The SEC charged Chris Farrant as an additional defendant in an insider trading scheme. Farrant allegedly traded on material nonpublic information received from a friend, who obtained it from his romantic partner's work laptop. Farrant also tipped others, including Jordan Meadow and Ronald Smith, who also traded on the information and recommended profitable trades to customers, generating millions in illicit profits and commissions.
Imagine someone gets secret information about a company from their partner's work computer. They tell a friend, who then tells another friend. These friends then buy or sell stocks based on this secret info before anyone else knows. This is illegal because it's not fair to other investors. In this case, the friends made a lot of money, and the SEC is taking action.
Disclaimer: all facts are drawn from the SEC's own filings; the claims described are allegations unless and until a court rules or the parties settle, and some cases end in dismissal.
On September 29, 2026, the SEC filed an amended complaint in the U.S. District Court for the Southern District of New York, charging Chris Farrant as an additional defendant in an insider trading scheme. The SEC alleges Farrant traded on material nonpublic information received from a friend, who obtained it from his romantic partner's work laptop. Farrant also tipped others, including Jordan Meadow and Ronald Smith, who also traded on the information and recommended profitable trades to customers. The SEC seeks injunctive relief, disgorgement with prejudgment interest, and civil monetary penalties against Farrant. The scheme generated illicit profits of approximately $28,600 for Teixeira, $25,860 for Farrant, over $730,000 for Meadow, and over $530,000 for Smith, with millions more earned by customers and hundreds of thousands in commissions for Meadow and Smith.