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.”

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