Houston Man Pleads Guilty to Securities Fraud After Profiting from Wife's Confidential Work Information

Tyler Loudon, 41, from Houston, pleaded guilty to securities fraud after using confidential information from his wife, a BP employee, to make a $1.76 million profit from stocks. He could face up to five years in prison and will forfeit the money.

Securities Fraud and Guilty Plea

Loudon's actions constituted securities fraud, and his guilty plea indicates acknowledgment of his wrongdoing.