The U.S. Securities and Exchange Commission (SEC) has charged two former investment bankers with insider trading tied to the 2022 acquisition of energy company South Jersey Industries.
The SEC filed fraud charges on August 21 against Gavin Wolfe and Jason Satsky, alleging the two traded on material nonpublic information ahead of the acquisition of South Jersey by a private investment fund back in 2022, according to the SEC’s complaint filed in the U.S. District Court for the Southern District of New York.
