Fri Feb 15, 2013, 05:20 PM
IDemo (14,696 posts)
S.E.C. Acts on Suspicious Heinz Trading
Source: New York Times
Regulators investigating possible insider trading in the $23 billion takeover of H. J. Heinz have frozen a Goldman Sachs customer account linked to suspicious trades, according to a court filing on Friday.
In the filing made in Federal District Curt in Manhattan, the Securities and Exchange Commission took aim at a Zurich-based trading account that reaped $1.7 million in gains. The emergency action against anonymous traders, the S.E.C. said on Friday, will prevent the suspects from hiding their winnings or moving the money to another account.
The trading account belonged to a customer of Goldman. In its complaint on Friday, the S.E.C. referred to “GS Bank” and “GS & Co c/o Zurich Office,” an apparent reference to the bank.
Goldman on Friday said it was “cooperating with the S.E.C.’s investigation.” It has not been accused of any wrongdoing.
Read more: http://dealbook.nytimes.com/2013/02/15/s-e-c-acts-on-suspicious-heinz-trading/
5 replies, 1656 views
Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
S.E.C. Acts on Suspicious Heinz Trading (Original post)
|Bossy Monkey||Feb 2013||#4|
|high density||Feb 2013||#5|