Banker allegedly told his longtime friend about a secret $8.1 billion takeover; friend bought $53 million of stock and made $18.5 million
A former Bank of America investment banker has been accused by the SEC of tipping a longtime friend about a confidential $8.1 billion South Jersey Industries takeover. The friend allegedly bought $53 million worth of shares and made $18.5 million after the deal was announced. Both men deny the insider-trading…
The Times of India ·