Subscribe
‘Enforcement 40’ for 2020
Our Sponsors
Join Us On LinkedIn
Join the Securities Litigation and Enforcement Group on LinkedInSEC Data Breach: Not Insider Trading, and Not Necessarily Subject to SEC Jurisdiction
Last week SEC Chairman Jay Clayton announced a data breach into the SEC’s EDGAR system, a vast database that contains information about company earnings, share dealings by top executives and corporate activity such as mergers and acquisitions. The announcement immediately made headlines warning of possible insider trading fraud. After all, accessing that EDGAR information before […]
SEC chairman asks for probe of 2016 cyberattack
The head of the Securities and Exchange Commission has asked the agency’s inspector general to investigate a 2016 cyberattack that infiltrated its electronic corporate filings system last year, according to prepared congressional testimony seen by CNNMoney on Monday. Jay Clayton said he was “deeply concerned” to learn last month that the SEC’s electronic system, known […]
SEC staff forced to tell chairman about hack when stolen data used by inside trader – MarketWatch
Securities and Exchange Commission lawyers reluctantly realized while investigating an insider-trading case in August that it was time to tell new chairman Jay Clayton about a major breach of the agency’s systems that happened in 2016. Why now? Because despite immediately patching the hole that hackers went through, their case was based on the non-public […]
SEC chair to face grilling from Senate panel over cyber breach — Reuters
The chairman of the U.S. Securities and Exchange Commission is expected to be grilled by Congress on Tuesday over a 2016 hack of the regulator’s corporate filing system that has shaken investor confidence in its cyber defenses. The hearing by the Senate Banking Committee, which had been scheduled prior to the disclosure of the breach […]
SEC Announces Enforcement Initiatives to Combat Cyber-Based Threats and Protect Retail Investors
Over the past several years, the Enforcement Division has developed substantial expertise in the detection and pursuit of fraudulent conduct in an increasingly technological and data-driven landscape. The Cyber Unit will consolidate and advance these efforts, and include staff from across the Enforcement Division. Robert A. Cohen has been appointed Chief of the Cyber Unit. […]