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Bank of America Banker Accused of Insider Trading in $8.1B Deal
A former Bank of America banker faces SEC allegations of insider trading related to an $8.1 billion takeover of South Jersey Industries. The banker allegedly tipped a friend, who profited $18.5 million by purchasing $53 million in shares before the deal was public. Both individuals deny the charges and are preparing for legal action.
⚖️ AI Verdict
"Looks like someone took 'sharing is caring' a bit too far!"
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File ID: #379013Original Source: Times Of India ↗
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