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A Houston man pleaded guilty to federal securities fraud for using insider information obtained from his wife – who worked in the mergers and acquisitions department for oil-and-gas giant BP – to make more than $1.76 million in stock profits.

https://www.houstonpublicmedia.org/articles/court/2024/02/27/479134/houston-man-pleads-guilty-to-using-wifes-job-with-bp-to-make-1-76-million-in-illegal-stock-profits/

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Houston man pleads guilty to using wife’s job with BP to make $1.76 million in illegal stock profits

Tyler Loudon, 42, faces up to five years in federal prison and a potential fine up to $250,000 after pleading guilty to federal securities fraud.

Houston Public Media