![US SEC charges BP manager's husband with insider trading over TravelCenters deal](https://i-invdn-com.investing.com/news/LYNXMPEA7D094_L.jpg)
© Reuters.
(Reuters) – The U.S. Securities and Exchange Commission stated on Thursday it has charged the husband of a BP (NYSE:) Plc supervisor with insider buying and selling over the vitality firm’s $1.3 billion deal to purchase TravelCenters (NASDAQ:) of America Inc.
The SEC alleges that Tyler Loudon, the husband of an M&A supervisor at BP, overheard a number of of his spouse’s work-related conversations in regards to the TravelCenters deal and bought shares of TravelCenters inventory earlier than the merger was introduced on Feb. 16.
“We allege that Mr. Loudon took advantage of his remote working conditions and his wife’s trust to profit from information he knew was confidential,” SEC official Eric Werner stated in a press release.