SEC Announces Latest Settlement for $100k in Hacked News Story
Posted: Tue May 10, 2016 8:14 am
As part of a series of ongoing related settlements that stemmed from investigations surrounding a group of interconnected parties that allegedly reaped over $100m in illicit trading profits, the United States (U.S.) Securities and Exchange Commission (SEC) recently announced its latest settlement with defendant Oleksandr Makarov for $100,000, according to an official SEC statement.
The SEC’s amended complaint alleges that Makarov had made roughly $80,000 buying and selling stock on the basis of hacked press releases that had been stolen from two newswire services between 2012 and 2014, and from an additional stolen press release from another newswire service in ... (read more)