BP Employee’s Husband Charged with Insider Trading After Eavesdropping on Wife’s Calls

The husband of a BP employee has been charged with insider trading in the US after allegedly eavesdropping on his wife’s work calls to make illegal profits. The SEC claims Tyler Loudon made $1.76m by buying shares in TravelCenters of America based on confidential information overheard while his wife, a BP mergers and acquisitions manager, worked from home. This case highlights the risks of insider trading in remote work environments and emphasizes the need for effective surveillance to prevent exploitation of confidential information.