Regulator charges Tyler Loudon with insider trading in case that could fuel arguments about working from home
• Business live – latest updates
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.
More Stories
EU microchip strategy ‘deeply disconnected from reality’, say official auditors
TikTok fined €530m by Irish regulator for failing to guarantee China would not access user data
Liberal-aligned thinktank running anti-Greens ads received $600,000 from coal industry in Queensland election