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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. Bot
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India — TOI WORLD DESK
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 allegations and face legal action.
This report is published with credit to Times of India. The wire sent a summary; open the original for any extra context. Read on Times of India →
Source: Times of India · TOI WORLD DESK. Published 25 Aug 2026, 04:55 pm.
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