Navigate this market better. Subscribe for FREE stock alerts and information.

Friday, February 15, 2013

Goldman Sachs says cooperating with Heinz probe, (NYSE: GS)

Goldman Sachs Group Inc is cooperating with a U.S. Securities and Exchange Commission probe into insider options trading in H.J. Heinz Co before the food company announced it was being acquired, Goldman said on Friday. Earlier in the day, the SEC filed suit against unknown traders using an account in Switzerland to purchase options in Heinz before the company was purchased. The SEC suit does not explicitly name Goldman Sachs but refers to the account in Switzerland as the "GS Account."

The Goldman Sachs Group, Inc. (Goldman Sachs) is a global investment banking, securities and investment management firm that provides a range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. Shares of GS fell by 0.6% or $-0.94/share to $154.99. In the past year, the shares have traded as low as $90.43 and as high as $156.72. On average, 4200180 shares of GS exchange hands on a given day and today's volume is recorded at 4254101.