Yesterday, the SEC and the DOJ separately announced significant cases against three Chinese traders who made nearly $3 million in illegal profits by hacking into the computer networks of two “prominent New York-based law firms.” The three men allegedly traded in the securities of at least three public companies based on confidential information they stole from the law firms that indicated that these companies were about to enter into mergers or acquisitions.
via SEC and DOJ allege insider trading related to hacked law firms | Compliance Week
