U.S. charges hacker, traders for infiltrating SEC database

Authorities said Oleksandr Ieremenko, 27, of Kiev, and others working with him obtained thousands of “test filings,” including roughly 157 earnings announcements, by hacking into Edgar through a Lithuanian server, and then sharing them with a network of traders.

According to the SEC, these traders, comprising eight individuals and companies in the United States, Russia and Ukraine, then reaped more than $4.1 million in illegal gains by trading on the hacked information between May and October 2016.

via U.S. charges hacker, traders for infiltrating SEC database.