Defendant Name:
Raymond James Financial Services, Inc.
Defendant Type:
Subsidiary of Public Company
Public Company Parent:
Raymond James Financial, Inc.
SIC Code:
6211
CUSIP:
75473010
Initial Case Details
Legal Case Name
SEC v. Mack D. Murrell, David A. Teekell, and Charles W. Adams, Raymond James Financial Services, Inc.
First Document Date
01-Jul-2013
Initial Filing Format
Civil Proceeding
Case Number
13-cv-12856
Allegation Type
Insider Trading
Federal District Court
Michigan, Eastern District of Michigan
Violations Alleged
•
Unjustly enriched by other defendants' securities law violations
Resolutions
First Resolution Date
14-Jan-2014
Headline Total Penalty and Disgorgement
$2,108,618
Related Documents:
Complaint
On July 1, 2013, the SEC filed a complaint against Mack D. Murrell, David A. Teekell, Charles W. Adams, and Raymond James Financial Services, Inc. (as a relief defendant) for unlawful insider trading and tipping ahead of the July 10, 2008 public announcement that The Dow Chemical Company would acquire Rohm & Haas Co.
SEC Charges Three with Insider Trading On Confidential Acquisition Negotiations Between Rohm & Haas and Dow
On July 1, 2013, the SEC filed a complaint against Mack D. Murrell, David A. Teekell, Charles W. Adams, and Raymond James Financial Services, Inc. (as a relief defendant) for unlawful insider trading and tipping ahead of the July 10, 2008 public announcement that The Dow Chemical Company would acquire Rohm & Haas Co. According to the SEC: "Teekell has agreed to settle the SEC's charges and pay approximately $1.1 million in disgorgement, prejudgment interest, and a civil penalty."
Final Judgment as to Relief Defendant Raymond James Financial Services, Inc.
On January 13, 2014, Judge Thomas L. Ludington entered Final Judgment as to relief defendant Raymond James Financial Services, Inc. Raymond James Financial Services, Inc. consented to the entry of the Final Judgment without admitting or denying the allegations of the SEC's complaint (except as otherwise provided in the Final Judgment order). The Final Judgment provided that, "solely for purposes of exceptions to discharge set forth in Section 523 of the Bankruptcy Code ... the allegations in the complaint are true and admitted by Defendant".
Court Enters Final Judgment Against Officer, Broker and Relief Defenant Broker-Dealer in Settlement of Insider Trading Charges
On January 14, 2014, the SEC announced that final judgments had been entered against the defendants in this action pursuant to settlement agreements.
Other Defendants in Action:
