The Securities and Exchange Commission on Friday received a court order freezing a Zurich, Switzerland, account on suspicions of insider trading in the takeover of H.J. Heinz.
The SEC alleges that options traders made a profit of more than $1.7 million from knowing that Berkshire Hathaway and 3G Capital were going to buy Heinz for $28 billion, or $72.50 a share.
‘Enforcement 40’ for 2020
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