Heinz Security Guard Accused by SEC of Insider-Trading Plot
- Employee of unidentified board member said to buy shares
- Alleged moves took place before 2013 food-company buyout
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Todd David Alpert was a security guard for a board member of H.J. Heinz Co. in 2013 when federal regulators say he received an email from his employer spelling out terms of an impending takeover of the food company.
Starting the following day, the Securities and Exchange Commission alleged that Alpert called his broker and bought Heinz shares and options. After the announcement that an investment group including Warren Buffett’s Berkshire Hathaway Inc. and 3G Capital Inc. was buying Heinz, Alpert sold his position for a profit of $44,000.