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Banker allegedly tipped friend about $8.1bn takeover; friend made $18.5m

Times of India

WorldTimes of India·Aug 25, 2026·1 min read

Banker allegedly tipped friend about $8.1bn takeover; friend made $18.5m

A former Bank of America investment banker has been accused by the SEC of tipping a longtime friend about a confidential $8.1 billion South Jersey Industries takeover. The friend allegedly bought $53 million worth of shares and made $18.5…

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