Banker allegedly told his longtime friend about a secret $8.1 billion takeover; friend bought $53 million of stock and made $18.5 million
A secret takeover tip allegedly turned into an $18.5 million windfall, according to the SEC. A former senior Bank of America investment banker has been accused by the US Securities and Exchange Commission (SEC) of tipping a longtime friend about a confidential $8.1 billion takeover, allegedly allowing the friend to make $18.5 million in illegal […]