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cheapbag214s · Posted: Sat 0:55, 07 Dec 2013 Post subject: " Daniel M. Hawke

SEC investigating possible insider trading in Heinz takeover
NEW YORK,[url=http://www.apollo13show.com/]michael kors handbags outlet[/url], Feb. 16 () -- The U.S. Securities and Exchange Commission is investigating "highly suspicious" trading in the takeover of H.J. Heinz Co., an SEC official said.The agency said Friday it was moving to freeze a Swiss bank account used for trading just before the announcement that investor Warren Buffett's Berkshire Hathaway company and 3G agreed to buy Heinz in a deal reported to be worth $28 billion, The Hill reported.A court in Manhattan granted the request for the freeze."Irregular and highly suspicious options trading immediately in front of a merger or acquisition announcement is a serious red flag that traders may be improperly acting on confidential nonpublic information," Daniel M. Hawke,[url=http://www.kbcrussia.com/]true religion jeans outlet[/url], chief of the SEC Division of Enforcement's Market Abuse Unit, said in a statement.Investigators say there had been little activity in the Swiss account for at least six months but options purchases were made that earned a $1.7 million profit shortly before the announcement of the acquisition.