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."

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".

On January 14, 2014, the SEC announced that final judgments had been entered against the defendants in this action pursuant to settlement agreements.