Oct 31 (Reuters) - A Pennsylvania man has been charged
with insider trading for using tips obtained from his domestic
partner to trade in advance of CVS Health's ( CVS ) purchase
last year of Oak Street Health, federal prosecutors said on
Thursday,
Carlos Sacanell, 58, of Willow Grove, was also charged with
making a false statement to a federal agency. The U.S.
Securities and Exchange Commission filed a related civil case
against Sacanell.
U.S. Attorney Jacqueline Romero in Philadelphia said
Sacanell obtained about $617,000 in profit trading in Oak Street
stock and options before CVS announced the takeover in February
2023.