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
-
Side Hustles6 days ago
3 Ways Data Can Drive Sustainable Decision-Making in Business
-
Passive Income6 days ago
5 Things Entrepreneurs Should Know Before Investing in Drones
-
Side Hustles6 days ago
NHTSA Investigates Tesla Full Self-Driving Feature
-
Investing6 days ago
Taiwan Semi to generate $110 billion in 2025 revenue: Needham By Investing.com
-
Investing6 days ago
Teen Brothers’ $1.2M Business Began as Facebook Side Hustle
-
Personal Finance6 days ago
A growing share of Gen Z adults don't think they'll retire: only 20% are saving for it
-
Passive Income5 days ago
This 2TB Data Storage Offer Is a Can’t-Miss at $89.97
-
Make Money6 days ago
American Workers Share Insights on Starting Salaries and Retirement