Business
Former Bank of America Banker Accused of Insider Trading After Friend Makes $18.5 Million — Then the SEC Revealed Where the Alleged Tip Happened
The U.S. Securities and Exchange Commission has accused former Bank of America senior investment banker Jason Satsky of passing confidential information about a potential corporate acquisition to his longtime friend and former colleague, allegedly helping generate an $18.5 million trading profit. The SEC filed its civil enforcement case on August 21, 2026, against Satsky and Gavin Wolfe, alleging that the two men engaged in insider trading involving South Jersey Industries ahead of the company'
