SEC Accuses Ex-BofA Senior Banker Satsky of Insider Trading

The Securities and Exchange Commission accused Jason Satsky, a former senior investment banker at Bank of America, of providing insider information to an acquaintance who used the tip to generate approximately $18.5 million in profits. The SEC did not name the recipient in its public announcement. Satsky's role at Bank of America and the specific securities involved were not detailed in the initial filing.

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