US financial regulators have scored a victory against alleged insider traders accused of betting on the outcome of the $28bn sale of food company Heinz while at a Walt Disney theme park.
Brazilian Rodrigo Terpins and his brother Michel agreed on Thursday to pay $5m to the Securities and Exchange Commission to settle charges that they were behind suspicious trading the day before a buyout of Heinz was publicly announced.
via Brazilian Terpins brothers settle Heinz insider dealing suit — The Guardian.
