SEC Accuses Ex-Bank of America Banker of Insider Trading
UKPulse Money Desk
The SEC has accused a former Bank of America utilities banker, Jason Satsky, of insider trading related to a planned takeover of South Jersey Industries.
- The SEC alleges Jason Satsky helped a friend make $18.5 million in illegal profits.
- The alleged profits are tied to a planned takeover of South Jersey Industries.
The Securities and Exchange Commission (SEC) has accused Jason Satsky, a former utilities banker at Bank of America, of insider trading. The regulator claims Mr Satsky assisted a friend in generating $18.5 million in illegal profits.
These alleged profits are linked to a planned takeover of South Jersey Industries.