SEC probing ex-Berkshire executive Sokol: source

Reuters

WASHINGTON (Reuters) - The Securities and Exchange Commission is probing former Berkshire Hathaway <BRKa.N> executive David Sokol, who has been under scrutiny for his trading in Lubrizol <LZ.N>, a person familiar with the matter said on Wednesday.

The source, who asked not to be named because the probe is not public, said the SEC's review started before a Berkshire audit committee report released on Wednesday found that Sokol intended to deceive the company in the way he disclosed his interest in Lubrizol.

Continue Reading Below

(Reporting by Sarah N. Lynch. Editing by Robert MacMillan)