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Browse: Home / 2013 / February / 18 / SEC sues over suspected Heinz insider trades

SEC sues over suspected Heinz insider trades

By Securities Docket on February 18, 2013, 8:01 am

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.

via SEC sues over suspected Heinz insider trades – MarketWatch

Posted in SEC, Top | Tagged Insider Trading

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