Berkshire Hathaway Inc.

SEC accuses Heinz security guard of insider trading

SEC accuses Heinz security guard of insider trading

Todd David Alpert was a security guard for a board member of H.J. Heinz 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, Alpert called his broker and bought Heinz shares and options. After the announcement that an investment group including Warren Buffett's Berkshire Hathaway and 3G Capital was buying Heinz, Alpert sold his position for a profit of $44,000.

Alpert, of Kingston, Pennsylvania, was accused in a civil complaint filed Wednesday in federal court in Manhattan. Alpert, who is unemployed, asserted his...

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