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The regulator has charged 32 hackers and traders for allegedly profiting from stolen press releases that would move the markets.
In a major antifraud action, the SEC has issued charges against 32 participants — hackers and traders —allegedly scheming to trade on corporate earnings announcements via press releases stolen before they were made public. The individuals charged include two Ukrainian men who allegedly hacked into newswire services to obtain the information “and 30 other defendants...
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