In 2023, the SEC commenced a civil enforcement action against Steven Teixeira and a stockbroker acquaintance, Jordan Meadow, for trading on the basis of material nonpublic information (MNPI) pertaining to public companies that were acquisition targets. Teixeira allegedly obtained MNPI about several transactions from the unattended computer of his then live-in girlfriend, an investment bank employee. The SEC has now commenced a civil enforcement action against a friend and colleague of Meadow, Ronald Smith, with whom Meadow allegedly shared the illicitly obtained MNPI. This article details the allegations against Smith and the parallel criminal charges against him. See “SEC Charges Boyfriend and Broker With Trading on Inside Information From Girlfriend’s Computer” (Dec. 21, 2023).