Former BP exec's ex-husband gets prison for insider trading after eavesdropping on her calls
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 22 2024
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Source: CNBC
- Insider Trading Case: Tyler Loudon, ex-husband of a former BP manager, sentenced to two years in prison for insider trading after eavesdropping on her work calls about BP's acquisition.
- Legal Proceedings: Loudon was fined $10,000, sentenced to supervised release, and agreed to forfeit $1.76 million profit from selling TravelCenters shares.
- Personal Circumstances: Loudon's lawyer cited the need to care for his ailing mother and argued for home confinement instead of prison time.
- Guilty Plea: Loudon confessed to securities fraud, bought shares based on insider information, and later admitted his actions to his wife.
- Consequences and Future: Loudon lost his job, marriage, and faces bleak job prospects; U.S. Attorney highlighted the impact of insider trading on market integrity.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
