BP exec's husband guilty of insider trading $1.8 million, snooped on her calls
cnbc.com
KEY POINTS
- Tyler Loudon, 41, pleaded guilty to insider trading charges, claiming that he profited $1.76 million based on nonpublic knowledge of BP’s acquisition of TravelCenters of America.
- Loudon, the husband of a former BP merger and acquisitions manager, learned of the acquisition in 2022 after secretly eavesdropping on his wife’s work calls.
- Loudon has been ordered to surrender his $1.76 million of illegal profits and pay a separate fine of the same amount.
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'Hey you're not a lawmaker you can't do that!'
In America there's no law that says House/Senate members CANNOT use insider trading information. How much bullshit is that‽
It's literally the worst thing you can do in a democracy. Allow your representatives manipulate/be manipulated by the stock market