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 information stolen from the SEC’s own systems.
‘Enforcement 40’ for 2020
Join Us On LinkedIn
Join the Securities Litigation and Enforcement Group on LinkedIn