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…


Source link

About search

Check Also

In the Market: Economic surprises are messing with the market's favorite recession predictor – Yahoo Finance

In the Market: Economic surprises are messing with the market's favorite recession predictor – Yahoo Finance

[unable to retrieve full-text content]In the Market: Economic surprises are messing with the market’s favorite …

Leave a Reply

Your email address will not be published. Required fields are marked *