Skip to comments.Report: SEC investigating trading in Heinz deal
Posted on 02/15/2013 12:45:50 PM PST by ColdOne
The New York Times report noted that options trading in Heinz soared this week before the deal was announced Thursday morning. Call options let investors can place a bet on a stock without committing to buy the shares. Investors instead have the option to buy the shares later for a set price.
The report noted that the SEC often opens inquiries into trading activity after major deals without bringing charges later on. Heinz and the buyers haven't been accused of any wrongdoing.
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As JFnK is involved with this you can guarantee that insider information was used. You can also guarantee that nothing will come of it. See Jon Corzine.
Kerry ?????????? Interesting
I was chatting with a woman a few months ago while waiting for the mail carrier. She had family in Venezuela, and said that Heinz Corporation has a virtual monopoly in the processed food department down there. She said pretty much everything in a bottle at the market is made by Heinz in one capacity or another.
As much as I know you are correct in that nothing will come of this, it sure is fun to fantasize about JFnK and TuhRAYzuh being thrown into debtors prison after having their assets seized
That would be sweet.