Defendant Name: Raymond James Financial Services, Inc.

Defendant Type: Subsidiary of Public Company

Document Reference: LR-22904

Document Details

Legal Case Name SEC v. Mack D. Murrell, et al.
Document Name Court Enters Final Judgment Against Officer, Broker and Relief Defenant Broker-Dealer in Settlement of Insider Trading Charges
Document Date 14-Jan-2014
Document Format Civil Proceeding
Case Number 13-cv-12856
Federal District Court Michigan, Eastern District of Michigan
Federal District Judge Thomas L. Ludington
Allegation Type Insider Trading
Document Summary On January 14, 2014, the SEC announced that final judgments had been entered against the defendants in this action pursuant to settlement agreements.

Disgorgement & Penalty Information

Resolutions
None Specified

Related Documents:

comp22738 01-Jul-2013 Complaint
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.
LR-22738 01-Jul-2013 Litigation Release
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."
court_doc31_13-cv-12856 13-Jan-2014 Court Docket Document
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".

Other Defendants in Action:

Charles W. Adams
Mack D. Murrell
David A. Teekell

Related Actions:

In the Matter of Charles W. Adams
Charles W. Adams