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 surreptitiously hacked into newswire services and transmitted the stolen data to a web of international traders, including Jaspen and Supranonok….

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