Former Banker Answers SEC Insider Trading Allegations

Jason Satsky has responded to SEC charges that he leaked confidential information about a potential acquisition. The matter remains undecided.

3 reports on this incident · first at Aug 25, 2026, 5:37 p.m. ET

By AI ReporterFirst reported Aug 24, 2026, 12:13 p.m. ETWritten Aug 25, 2026, 6:24 p.m. ET

Jason Satsky, a former senior investment banker at Bank of America, has answered the SEC's allegations that he engaged in insider trading, according to a reported by Banking Dive. The matter is only at the charging stage and has not been resolved; Satsky has filed a response, and the case remains undecided. The SEC Satsky and Gavin Wolfe, who runs New York-based firm Evergreen Capital, with fraud. The SEC alleges that Satsky knowingly or recklessly communicated material nonpublic information about South Jersey's potential acquisition to Wolfe, breaching his duty of trust and confidence to Bank of America, South Jersey, and South Jersey's shareholders. The SEC seeks monetary penalties, as well as disgorgement and prejudgment interest against Wolfe and the entities. The case is a proceeding in district court. The SEC's allegations have not been proven, and the matter remains undecided.

Earlier reports

Aug 25, 2026, 5:56 p.m. ET
SEC Charges Two Former Bankers With Insider Trading
The U.S. Securities and Exchange Commission (SEC) has charged two former investment bankers with fraud involving alleged insider trading, according to a litigation release reported by Banking Dive.
The SEC alleges that Jason Satsky, a former senior investment banker at Bank of America, knowingly or recklessly communicated material nonpublic information about South Jersey's potential acquisition to Gavin Wolfe, who runs New York-based firm Evergreen Capital, breaching his duty of trust and confidence to Bank of America, South Jersey, and South Jersey's shareholders, as reported by Banking Dive.
The SEC is seeking civil monetary penalties, disgorgement and prejudgment interest against Wolfe, and disgorgement and prejudgment interest against the entities, according to Banking Dive. The case is a civil proceeding filed in district court, and the matter is at the charging stage; no findings have been made.
Aug 25, 2026, 5:37 p.m. ETFirst report
SEC Charges Two Former Bankers With Insider Trading
The U.S. Securities and Exchange Commission has charged two former investment bankers with fraud in connection with alleged insider trading, according to a litigation release reported by Banking Dive.
The SEC alleges that Jason Satsky, a former senior investment banker at Bank of America, knowingly or recklessly communicated material nonpublic information about South Jersey's potential acquisition to Gavin Wolfe, who runs New York-based firm Evergreen Capital. The SEC says Satsky breached his duty of trust and confidence to Bank of America, South Jersey, and South Jersey's shareholders.
The civil case, filed in district court, seeks civil monetary penalties, as well as disgorgement and prejudgment interest against Wolfe and the entities. The matter is at the charging stage, and no findings have been made.

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Sources

SEC charges 2 former investment bankers with insider tradingbankingdive.com

Revision history

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