Houston Man Pleads Guilty to $1.7M Insider Trading Scheme

Tyler Loudon faces prison time after illegally profiting from confidential information overheard during his wife's work calls.

Tyler Loudon, a Houston resident, pleaded guilty to securities fraud after making $1.7 million from insider trading by eavesdropping on his wife's work calls.
Loudon used confidential information from his wife's work at BP, where she was involved in a merger with TravelCenters of America, to illegally trade stocks.
He faces up to five years in federal prison and a fine of up to $250,000. His sentencing is scheduled for May 17.
Loudon's wife, unaware of his actions, reported the trading to her supervisor and was subsequently fired. She has since filed for divorce.
Authorities, including the FBI, SEC, and FINRA, investigated the case, highlighting the risks of discussing confidential information in remote work settings.