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The Boston Globe

Business

SEC investigating trades in Heinz deal

NEW YORK — Regulators froze a Swiss account at Goldman Sachs on Friday after unearthing activities suggestive of insider trading in the $23 billion acquisition of H.J. Heinz, taking an abrupt action after one of the biggest deals in recent years.

The action, by the Securities and Exchange Commission, illustrates the temptation that such big takeovers may present. Despite a number of prominent crackdowns on insider trading, regulators continue to uncover cases involving traders who spin confidential tidbits into illicit profits ahead of deals.

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