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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.

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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. 

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Andrew Schneider

Andrew Schneider

Politics and Government Reporter

Andrew heads Houston Public Media’s coverage of national, state, and local elections. He also reports on major policy issues before the Texas Legislature and county and city governments across Greater Houston. Before taking up his current post, Andrew spent five years as Houston Public Media’s business reporter, covering the oil...

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