Former U.S. congressman Buyer charged with insider trading ahead of telecoms merger

Former U.S. congressman Buyer charged with insider trading ahead of telecoms merger

By Luc Cohen

NEW YORK (Reuters) -Former U.S. Congressman Stephen Buyer has been charged with insider trading over purchases of shares in telecommunications company Sprint before it merged with T-Mobile US Inc, prosecutors said on Monday.

Buyer, a Republican who represented Indiana in Congress between 1993 and 2011, was working as a consultant to T-Mobile ahead of the 2018 merger, according to an indictment filed by federal prosecutors in Manhattan.

“It’s always troubling whenever there’s…


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