February 21, 2013
SEC Says Heiniz Trader was Goldman Private Wealth Client
It has been widely reported that the SEC has undertaken an investigation into suspicious trading in H.J. Heinz options in advance of the announcement that Berkshire Hathaway would acquire the company. Last week the SEC obtained a freeze order over assets in a trading account. In a court filing the SEC stated that the unknnown trader is a "private wealth client" of Goldman Sachs. Goldman informed the SEC that it did not have direct access to information about the owner of the account, which is based in Zurich.
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