SEC claims BP employee illegally sold shares after 2010 spill

A veteran BP (NYSE: BP) employee who headed the company's cleanup from the 2010 Deepwater Horizon oil spill has been charged with insider trading for allegedly selling shares illegally after learning the extent of the disaster.

Keith Seilhan is accused selling his shares just days after receiving non-public information regarding the scope of the spill in the Gulf of Mexico, according to Fox Business.

He allegedly sold roughly $1 million worth of shares his family owed to avoid a 48 percent loss.

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