Confidences divulged after a July 2008 American Alcoholics Anonymous meeting have resulted in nine people being charged with insider trading by US regulator the Securities and Exchange Commission.

The SEC claims Timothy McGee, along with several others, used confidential information revealed by a senior executive after an AA meeting for financial gain. The unnamed insider, a senior executive at Philadelphia Consolidated Holding Corp, revealed to McGee the stress from an upcoming merger was causing him to drink heavily.