SEC Charges Tomball Man In Dow Chemical Insider Trading Case

Federal regulators say an executive at Dow Chemical tipped off a Houston-area friend about the company's 2008 takeover of Rohm & Haas.

The Securities and Exchange Commission has filed a lawsuit against then Dow vice president Mack Murrell, his friend David Teekell of Tomball, and a stockbroker. The SEC says Teekell netted more than $500,000 by buying Rohm & Haas stock before Michigan-based Dow announced a takeover five years ago.

Ryan McConnell is a former federal prosecutor and an adjunct professor at the University of Houston Law Center.

“There’s been a lot of activity from the SEC and the Justice Department in insider trading cases. I think the government recognizes when you have these types of issues coming up that there’s an adverse impact on investor confidence. And people don’t want to trade if they think the game is rigged.”

The government says the information came from Murrell. It says he got it from his girlfriend, who worked for Dow’s chief financial officer. The two are now married. Murrell resigned from Dow in March. 


Andrew Schneider

Andrew Schneider

Business Reporter

Andrew Schneider joined News 88.7 in January 2011. Since arriving in Houston, he has reported on the many changes wrought on the region’s economy by the revolution in domestic oil and gas production. His non-energy reporting runs the gamut from white-collar crime to cattle ranching. His work has aired on...

More Information