The Pillow Guise

“As they weathered the pandemic from their apartment in Queens, N.Y., he gave in to temptation. His sweetheart worked as an executive assistant at Morgan Stanley, and her calendar invites included meetings about planned mergers and acquisitions that involved the investment bank. Teixeira, a compliance executive at a payment-processing company whom she intended to marry, used the information to trade in advance of the deals. It netted him thousands in profits, promises of Rolex watches from friends he tipped off, and the scrutiny of federal officials probing insider trading. He pleaded guilty to a dozen fraud charges in June.” WSJ (Gift Article): Love and Deceit: Work-From-Home Era Spawns ‘Pillow Talk’ Insider Trading. (I’ll often wait until the moment of ecstasy to inform my wife of startups I’ve invested in that went out of business. I usually end up sleeping on the porch. In the business, we call this outsider trading.)