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SECURITIES AND EXCHANGE COMMISSION v. DUBOVOY et al

  1. November 25, 2019

    Three Traders In Newswire Hack Plot Liable For $47.6M

    Three traders and their companies are liable for nearly $47.6 million after years of ignoring a 2015 U.S. Securities and Exchange Commission suit alleging that they traded off of stolen earnings information, a New Jersey federal judge said Monday.

  2. November 02, 2016

    Russian Traders To Pay $1.2M Over Hacked Newswire Plot

    Two Russian men accused of participating in a scheme that generated more than $100 million in illegal profits through trading on hacked newswire information have agreed to pay more than $1.2 million for their role, the U.S. Securities and Exchange Commission announced Wednesday.

  3. September 30, 2016

    Hedge Fund Can't Beat SEC's Suit Over Hacked Releases

    A New Jersey federal judge has denied a hedge fund's bid to toss the U.S. Securities and Exchange Commission's suit over an alleged scheme that illegally generated more than $100 million through trades on hacked newswire information, saying the SEC adequately tied it to the plot.

  4. March 24, 2016

    SEC Secures $18M In Hacked Newswires Trading Plot Deals

    The U.S. Securities and Exchange Commission secured settlement agreements totaling nearly $18 million from seven defendants accused of participating in a scheme that traded on hacked newswire information, generating more than $100 million in illegal profits, the federal agency announced Thursday.

  5. February 02, 2016

    SEC Scores $4.2M Deal In Hacked Newswires Trading Case

    The U.S. Securities and Exchange Commission inked a $4.2 million settlement from a Ukraine-based company accused of taking part in a scheme to hack into newswires to gain a trading edge, the agency said Tuesday.

  6. February 01, 2016

    Discovery Halted In SEC Hacking Suit Amid Criminal Case

    A New Jersey federal judge on Friday granted the U.S. government's request that discovery be stayed in a U.S. Securities and Exchange Commission civil case accusing hackers of stealing nonpublic corporate news releases to make profitable trades, agreeing it could undermine two related criminal cases.

  7. November 18, 2015

    Feds Say SEC Hacking Suit Could Cripple Criminal Case

    The U.S. Securities and Exchange Commission's civil lawsuit accusing hackers of stealing nonpublic corporate news releases to make profitable trades could undermine two related criminal cases and should be paused, the U.S. government told a New Jersey federal judge Wednesday.

  8. October 19, 2015

    Fund Manager Can't Dodge SEC Asset Freeze In Hacking Case

    A New Jersey judge on Friday sided with the U.S. Securities and Exchange Commission in its bid to freeze assets connected to a Russia-based hedge fund manager fighting a civil enforcement action over the alleged hacking of unpublished news releases for publicly traded companies.

  9. September 17, 2015

    Hedge Fund Manager Denies Trading On Stolen Releases

    A Russia-based hedge fund manager accused of participating in an alleged insider trading scheme in which computer hackers stole corporate data from news wire services told a New Jersey federal court Wednesday that he'd never traded on nonpublic information obtained illegally.

  10. September 14, 2015

    SEC Recovers $30M In Trading Profits In Wire-Hacking Case

    A Ukrainian investment bank and its CEO have agreed to return $30 million in profits from an alleged insider trading scheme in which computer hackers stole corporate data from news wire services, the U.S. Securities and Exchange Commission said Monday.