SEC: Houston Man Illegally Used Wife’s Insider Info for $1.76M in Profits

The U.S. Securities and Exchange Commission filed federal insider trading charges Thursday accusing Tyler Loudon of Houston of using information he obtained from his wife to illegally profit from British-based oil conglomerate BP’s $1.3 billion acquisition of Ohio-based TravelCenters of America one year ago.

The seven-page complaint filed by the Fort Worth Regional Office of the SEC accuses Loudon, who is 41 and has an MBA from Pepperdine University, of learning about the February 2023 transaction from his wife, who worked in the mergers and acquisitions division at BP.