SEC freezes suspicious Heinz trade

SEC freezes suspicious Heinz trade

February 20, 2013 4:16 PM

The day before the takeover of Heinz was announced, an unknown investor bought 250,000 options - a $90,000 investment that rocketed to more than $1.8 million. Now, as Anthony Mason reports, the SEC has filed an "emergency action" to freeze the account while they conduct an investigation.

Trade related to Heinz sale "highly suspicious," says SEC
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