SEC charges 32 with trading on insider information based on hacking media company


The SEC yesterday announced it charged 32 people allegedly involved in insider trading based on hacked press releases revealing nonpublic information about publicly traded companies. The SEC’s complaint is here. The Journal noted that the hackers “allegedly used a range of methods — some sophisticated, others simple — to access servers at PRNewswire Association LLC, Marketwired LP and Business Wire.”

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s