Daily Archives: September 15, 2015, 9:59 am

SEC Obtains $30 Million From Traders Who Profited on Hacked News Releases — SEC Press Release

The Securities and Exchange Commission today announced that Ukrainian-based Jaspen Capital Partners Limited and CEO Andriy Supranonok have agreed to pay $30 million to settle allegations they profited from trading on non-public corporate information hacked from newswire services. The SEC announced charges in August against 34 defendants who allegedly took part in a scheme in which two of the defendants…

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Analyzing The DOJ’s Recent “Foreign Official” Enforcement Theory « FCPA Professor

In the recently announced Foreign Corrupt Practices Act enforcement action against Daren Condrey (see here for the prior post), the DOJ advanced an extremely broad “foreign official” interpretation. In short, the DOJ alleged that a Maryland resident (Vadim Mikerin), working for a Maryland corporation (TENAM Corporation), was a Russian “foreign official.” How? via Analyzing The DOJ’s Recent “Foreign Official” Enforcement…

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