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CNBC: SEC Files Lawsuit Against 'Certain Unknown Traders' Over Call Options - VIDEO

CNBC: SEC Files Lawsuit Against 'Certain Unknown Traders' Over Call Options - VIDEO

CNBC
Published: Friday, 15 Feb 2013 | 12:34 PM ET

Acting just one day after the surprise announcement that H.J. Heinz would be acquired by Warren Buffett's Berkshire Hathaway and Brazil-based 3G Capital for $23.3 billion, the SEC has gone to court to freeze assets associated with what it calls "highly suspicious options trading."

The SEC accuses "unknown traders" of having advance word of the deal and buying options a day ahead of the news to make "risky bets" that Heinz's stock price would rise. Both the size and the timing of the trades raised suspicions at the SEC.

According to the government, the traders made more than $1.7 million when Heinz's stock soared almost 20 percent after the merger was announced publicly.

Read more: http://www.cnbc.com/id/100442841



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After Certain "Unknown Traders".

This breaking story suggests that fraud was committed and certain traders illegally gained 1.7 million dollars. Whoopee...

It looks more to me like an episode on the reality news that is intended to deceive the viewer with the perception that the SEC are good watchdogs and stop financial crime....which is NOT the case.

The 1.7 million dollar fraud is small potatoes. Funny how there is no mention of large scale fraud or corruption. But of course after viewing this little episode of reality news, the viewer would think it preposterous to say big fraud is going on and the "news" is not reporting it.

The Dorner reality news episode made the point loud and clear that people cannot stand up to authorities. The Giffords, Sandy Hook and other episodes effected the idea that gun control is necessary, etc, etc, etc. The news first and foremost, script designed to influence the public.

Me Thinks Teresa Heinz Kerry, Wife Of John Kerry (Kohn)

is in deep do do...