Houston Man Pleads Guilty to Insider Trading After Eavesdropping on Wife's BP Calls

Tyler Loudon faces prison and fines for illegal trades based on confidential information overheard during his wife's work-from-home calls.

Tyler Loudon of Houston pleads guilty to insider trading, making $1.76 million by eavesdropping on his BP executive wife's work calls.
Loudon bought shares in TravelCenters of America Inc. based on confidential BP acquisition plans he overheard, leading to nearly a 71% stock price surge upon public announcement.
Despite no evidence of her involvement, Loudon's wife was fired by BP after he confessed to the trades, which she reported to her employer.
Loudon agreed to forfeit his illegal profits and faces up to five years in prison and a $250,000 fine; his wife initiated divorce proceedings.
The case highlights risks of insider trading in work-from-home settings, prompting discussions on the need for secure WFH practices.