SEC accuses ex-Bank of America utilities banker of insider trading

Regulator says Jason Satsky helped a friend make $18.5mn in illegal profits tied to planned takeover of South Jersey Industries

NEW YORK, Aug 21 : The U.S. Securities and Exchange Commission on Friday charged a former senior Bank of America investment banker with insider trading, alleging he tipped a longtime friend and former colleague about a pending merger, allowing the friend to make $18.5 million of illegal profit.Jason Satsky, who was Ban