SEC files against traders for insider trading over Heinz deal and FBI investigating

The Securities and Exchange Commission has filed suit against presently unrevealed traders who it said used a Goldman Sachs account in Switzerland to trade on purported inside knowledge of Berkshire Hathaway and 3G’s purchase of Heinz for $23 Billion in cash. The FBI is aware of the trading anomalies which had showed unusual activity the day before the deal was announced and is investigating now. The SEC enforcement action is the second time in six months that regulators have investigated insider trading involving 3G. The first was in September involving a stockbroker trading on inside information relating to 3G’s purchase of Burger King. Jeffrey Newman represents whistleblowers.