Jordan Paul Meadow, of New York, New York, a stockbroker previously registered with Spartan Capital Securities LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in all capacities by FINRA because Meadow refused to appear for testimony as requested during an investigation into his potential excessive trading in customer accounts. Letter of Acceptance, Waiver, and Consent No. 2018056490326 (March 10, 2025).
According to the AWC, FINRA’s regulatory action against Meadow stemmed from its cycle examination of Spartan Capital Securities. As part of its investigation, on February 14, 2025, FINRA issued a formal request for Meadow to appear and provide testimony under FINRA Rule 8210.
Meadow, through his lawyer, informed FINRA on March 5, 2025 that he received the request but would not comply. This refusal to appear for testimony constituted a violation of FINRA Rule 8210 and FINRA Rule 2010.
Prior to this action, Spartan Capital Securities LLC had filed a Form U5 on June 28, 2023, disclosing Meadow’s discharge, stating he was internally investigated for conduct potentially inconsistent with the securities broker dealer’s policies.
Public Disclosure also shows that Meadows is also the subject of a civil action initiated by United States Securities and Exchange Commission (SEC) in which the regulator is seeking sanctions against Meadow based upon allegations that Meadow engaged in insider trading. Securities and Exchange Commission v. Jordan Meadow and Steven Teixeira, Case No. 1:23-cv-05573 (June 29, 2023).
The SEC’s complaint, filed in the U.S. District Court for the Southern District of New York, alleged a scheme involving the misappropriation and misuse of material nonpublic information (MNPI) concerning several mergers and acquisitions. The alleged misconduct centered around Steven Teixeira, who was in a romantic relationship and shared a residence with an executive assistant at an investment bank during the pandemic. From 2020 through May 2022, Teixeira is said to have accessed confidential merger and acquisition information from his partner’s laptop without authorization.
According to the SEC, Teixeira used the misappropriated MNPI to execute profitable trades in call options of companies including VMWare Inc., Proofpoint Inc., Domtar Corporation, and Score Media and Gaming Inc., earning over $28,000. He also tipped off friends, including Meadow and a close associate named Individual 1.
Meadow allegedly received the insider information and, in return, offered Teixeira and Individual 1 luxury watches, including Rolexes, as compensation. With full knowledge that the information had been improperly obtained, Meadow is said to have used it to execute personal trades, particularly in securities of Score and VMWare, from which he gained illicit profits exceeding $730,000.
Additionally, the SEC claimed that Meadow recommended trades in Score to his brokerage customers based on this confidential information, knowing the company was about to be acquired. He also shared this information with a colleague named Broker 1, who was another registered representative at the same firm. Broker 1 acted on the information in his personal trading and passed along recommendations to his own customers. As a result, customers of both securities broker dealers allegedly made millions of dollars from these trades, while Meadow and Broker 1 earned hundreds of thousands of dollars in commissions.
The SEC is seeking a permanent injunction to bar Meadow from violating federal securities laws, specifically Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5. The Commission also seeks to prohibit Meadow from serving as an officer or director of publicly traded companies, disgorgement of all ill-gotten gains with prejudgment interest, and civil monetary penalties.
The case is currently pending. In a parallel action, Meadow and Teixeira has been criminally charged by U.S. Attorney’s Office for the Southern District of New York.
Meadow was associated with Spartan Capital Securities LLC in New York, New York from July 27, 2018 to June 28, 2023.
