Ex-Broker Admits to Insider Trading Scheme Born From Pandemic

A former Spartan Capital Securities broker admitted to insider trading based upon sensitive merger information stolen by a friend from his girlfriend’s computer while the pair were working at home during the pandemic.

The ex-broker, Jordan Meadow, pleaded guilty on Wednesday to charges including securities fraud and conspiracy before US District Judge Andrew L. Carter Jr. in New York as part of a plea deal with prosecutors. Meadow was one of more than a half-dozen people charged in June 2023 by federal prosecutors in Manhattan as part of a crackdown on insider trading.

The case was also one of several ...