Feds Allege Insider Trading Around Golden Flake, Utz Merger (AL.com) The U.S. Securities and Exchange Commission is accusing five Alabama men of insider trading in connection with the 2016 merger of Birmingham-based Golden Enterprises, the parent company of Golden Flake, and Utz Quality Foods. The 21-page complaint, filed today in the Southern Division of U.S. District Court, says that information about the sale trickled down from longtime Golden Enterprises director James Nall Sr. through his son, James Nall III, to three other men who know each other in Thomaston, in Marengo County. Pennsylvania-based Utz Quality Foods bought Golden Enterprises, Golden Flake’s parent company, for $141 million in 2016.