The Securities and Exchange Commission has charged former Bank of America bankers Jason Satsky and Gavin Wolfe with insider trading tied to South Jersey Industries’ $8.1 billion takeover announced in February 2022, with Wolfe alleged to have earned about $18.5 million from trading about 2.2 million shares. The SDNY case, docket 1:26-cv-07132, details prior communications and social meetings around the deal, lists multiple relief defendants, and notes Satsky’s termination by Bank of America in 2025 as the investigation continues; both defendants deny the allegations.

Finance· Aug 21, 2026

Facts from Wikidata (CC0).

South Jersey Industries

a publicly held energy services holding company

0members1here now

Ask Genius Site

Site Journal

Feed Discussions About

Sort by

Content type

Latest South Jersey Industries news and discussion

Sort by

Content type

SSouth Jersey Industries· Finance · 8 sources · Aug 21, 2026Story

Ex-BofA banker charged in $18.5M insider trading

Finance· Aug 21, 2026

Facts from Wikidata (CC0).

South Jersey Industries across IJR

Ask Genius by OpenServe about South Jersey Industries Create in Studio Build a game Watch videos

About South Jersey Industries

South Jersey Industries is an energy services holding company for a natural gas utility and other, non-regulated companies. It is based in New Jersey.

members

here now

Country: United States
Headquarters: Folsom
Inception: 1910
Website: https://www.sjindustries.com/

Coverage spread L33 / C39 / R27

Everything about South Jersey Industries →

Live room · 1 here

Be the first in the room — members see you arrive.

Join the room

South Jersey Industries across IJR

Ask Genius by OpenServe about South Jersey Industries Create in Studio Build a game Watch videos