Investing
US SEC charges BP manager’s husband with insider trading over TravelCenters deal
© Reuters.
(Reuters) – The U.S. Securities and Exchange Commission said on Thursday it has charged the husband of a BP (NYSE:) Plc manager with insider trading over the energy company’s $1.3 billion deal to buy TravelCenters (NASDAQ:) of America Inc.
The SEC alleges that Tyler Loudon, the husband of an M&A manager at BP, overheard several of his wife’s work-related conversations about the TravelCenters deal and purchased shares of TravelCenters stock before the merger was announced on Feb. 16.
“We allege that Mr. Loudon took advantage of his remote working conditions and his wife’s trust to profit from information he knew was confidential,” SEC official Eric Werner said in a statement.
Read the full article here
5 Financial Blind Spots That Could Be Preventing You From Making More Money
Boost Business Efficiency with Five Years of Control D for $40
What to Expect as 7-Eleven U.S. Makes Japanese-Inspired Changes
5 Secrets to Successfully Launch Your First Paid Product
Today's mortgage rates remain unchanged for 15- and 30-year terms | July 26, 2024
Gas prices drop as demand for driving fizzles out: AAA
Crowdstrike CEO Responds to Causing Largest IT Outage in History
How to Build A Startup, From an Early Lyft, Twitch Investor
The Top 5 AI Tools That Can Revolutionize Your Workflow and Boost Productivity
NLRB Drops Expanded Joint Employer Appeal
Debt ceiling debate and its effect on the U.S. dollar
Debt ceiling default: Still no deal between parties
Stovall: If the U.S. defaults on its debt, all S&P 500 sectors will likely fall
What China's weaker-than-expected economy could mean for U.S. markets
A ‘Big Short’ investor sees financial disaster brewing in housing markets — again
-
Personal Finance7 days agoGas prices drop as demand for driving fizzles out: AAA
-
Investing7 days agoCrowdstrike CEO Responds to Causing Largest IT Outage in History
-
Side Hustles7 days agoHow to Build A Startup, From an Early Lyft, Twitch Investor
-
Passive Income7 days agoThe Top 5 AI Tools That Can Revolutionize Your Workflow and Boost Productivity
-
Passive Income5 days agoNLRB Drops Expanded Joint Employer Appeal
-
Side Hustles7 days agoJake Paul: Mindset Hacks, Mike Tyson Fight, Embracing Fear
-
Investing7 days agoBoeing to supply E-7 in first major win since plea deal By Reuters
-
Side Hustles6 days ago10 Effective Growth Marketing Strategies for Your Startup