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The Guardian - UK
The Guardian - UK
Business
Kalyeena Makortoff

US man accused of making $1.8m from listening in on wife’s remote work calls

United States British Petroleum SEC Texas
A model posed as someone working on a laptop from home
Securities and Exchange Commission claims said Tyler Loudon bought 46,000 shares in BP’s takeover target, TravelCentres, without his wife’s knowledge. Photograph: lechatnoir/Getty Images

US regulators have accused a man of making $1.8m (£1.4m) by trading on confidential information he overheard while his wife was on a remote call, in a case that could fuel arguments against working from home.

The Securities and Exchange Commission (SEC) said it charged Tyler Loudon with insider trading after he “took advantage of his remote working conditions” and profited from private information related to the oil firm BP’s plans to buy an Ohio-based travel centre and truck-stop business last year.

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