Market Currents

Goldman Sachs (GS) has become ensnared in the investigation into the suspicious trading of Heinz...

Friday, February 22, 4:41 AM ET
Goldman Sachs (GS) has become ensnared in the investigation into the suspicious trading of Heinz (HNZ) options ahead of the announcement of its $28B buyout, with the account that carried out the trade owned a "private wealth client" of the bank. Goldman, which hasn't been accused of wrongdoing, said it doesn't have "direct access" to information about who owns the account. Given Swiss secrecy laws, the SEC will have a job finding out.

This Market Current was sent to 12,308 people who get email alerts on GS.

Get email alerts on GS »

Share this Market Current

Short URL:

Track new comments on this story

This news story has 4 comments:

Tony Petroski Comments (6373)

My bet is it's either Dodd or Frank.

22 Feb, 07:51 AM Reply Like

swaps Comments (937)

But if Goldman wanted to know who owned the account for its own predatory trading uses it would have found out who it was day before yesterday.

22 Feb, 12:07 PM Reply Like

Michael Bryant Comments (3494)

(GS) knows, but is not saying. Just like (F) knows. Anything done electronically can by traced. (GOOG) keeps a log of everything you write in the search engine.

22 Feb, 12:15 PM Reply Like

Snoopy1 Comments (710)

Something tells me that GS probably leaked the inside info to that client and doesn't want to be implicated.

24 Feb, 09:19 PM Reply Like

LATEST|

TODAY SO FAR|

YESTERDAY

Other date

DJIA (DIA) S&P 500 (SPY)