‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInSEC 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 […]
Investor group seeks probe into SEC hack, urges data rules delay | Reuters
The Investment Company Institute (ICI), which represents over 95 million U.S. shareholders, wants the SEC to clear up concerns about its cyber defenses before requiring funds to submit monthly performance data to the regulator, Paul Schott Stevens, the group’s chief executive, told Reuters in a phone interview. “What the SEC breach now makes very clear […]
Sept. 26 Webcast: What Every C-Suite Executive Needs to Know Right Now About the Equifax Data Breach
The recent Equifax data breach is perhaps the largest in history and has barraged the company and its senior executives with a complex and challenging range of legal, financial and technological issues — issues that every corporation and its outside counsel will inevitably (and unfortunately) encounter. In this timely webcast, John Reed Stark, seasoned data […]
Hack Will Lead to Little, if Any, Punishment for Equifax – The New York Times
The hacking into Equifax’s trove of consumer and financial data that exposed the sensitive personal information of as many as 143 million Americans leads naturally to the question of the legal consequences the company and its executives might face. The answer, for those who remember the government’s response to the financial crisis, will be as […]