The full context in the press release is: > The SEC’s complaint alleges that Wylam, a high school teacher and bookmaker, traded on this information and also ti

The full context in the press release is: > The SEC’s complaint alleges that Wylam, a high school teacher and bookmaker, traded on this information and also tipped Naveen Sood, who owed Wylam a six-figure gambling debt. Sood allegedly traded on this information and tipped his three friends Marcus Bannon, Matthew Rauch, and Naresh Ramaiya, each of whom also illegally traded on the information. In order to make an insider trading case against people who are several degrees out, they have to show how non-public information flowed to them. Establishing that Wylam is a bookmaker and Sood is a client of his is an important part of this. Maybe the "high school teacher" part isn't particularly relevant, but if you cut it, it would sound like he was a full-time bookmaker, which isn't the case.