FRANKFURT (MarketWatch) -- The Securities and Exchange Commission ended a probe into possible insider trading by David Sokol, a former top executive at Berkshire Hathaway
Inc. , and has decided not to take action, The Wall Street Journal reported late Thursday. Sokol, who was once seen as a possible successor to Chief Executive Warren Buffett, abruptly resigned nearly two years ago after it was revealed that he had bought millions of shares of stock in Lubrizol Corp. before suggesting that Berkshire buy the chemical company. "There has been a thorough legal analysis and factual scrutiny and the SEC has concluded, as we have always maintained, that David Sokol never did anything wrong," said Barry Wm. Levine, Sokol's lawyer. An SEC spokesman declined to comment, the report said.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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