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U.S. SEC settles with two traders over 2016 EDGAR filing system hack

Posted on April 11, 2020 by Dissent

Reuters reports:

The U.S. securities regulator on Thursday said it had settled with two traders who allegedly made money trading on material nonpublic information stolen through a hack into the agency’s EDGAR electronic filing system.

The traders were among several defendants charged by the agency last year for a 2016 hack that the Securities and Exchange Commission said reaped $4.1 million from illegal trades, and that exposed a security weakness in test filings sent to the system’s servers.

Read more on Reuters.

Category: Government SectorHackU.S.

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