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

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.
Comments (4)
  • My bet is it's either Dodd or Frank.
    22 Feb 2013, 07:51 AM Reply Like
  • 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 2013, 12:07 PM Reply Like
  • (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 2013, 12:15 PM Reply Like
  • Something tells me that GS probably leaked the inside info to that client and doesn't want to be implicated.
    24 Feb 2013, 09:19 PM Reply Like
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