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Goldman Has No ‘Direct Access’ to Information on Heinz Account

Goldman Sachs Group Inc. doesn’t have “direct access” to information about the beneficial owner behind transactions in an account in which the U.S. Securities and Exchange Commission said suspicious trading of H.J. Heinz Co. occurred, the bank told the regulator.

The SEC on Feb. 15 sued “unknown” traders over suspicious trading of Heinz’s options through what the regulator said was an account at Goldman Sachs. The New York-based bank told SEC senior counsel Megan Bergstrom that the account holder is a Zurich private wealth client, Bergstrom said in a filing Feb. 20 in federal court in Manhattan.