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SECURITIES AND EXCHANGE COMMISSION v. ZAVODCHIKOV et al
Case Number:
2:16-cv-00845
Court:
Nature of Suit:
Judge:
Government Agencies
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July 31, 2019
Russian Newswire Hackers Face $78M Judgment In SEC Suit
A New Jersey federal judge ordered Russian traders Wednesday to pay more than $78 million after they failed to respond to a suit from the U.S. Securities and Exchange Commission alleging a scheme to hack into newswires to secure a trading advantage.
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February 17, 2016
SEC Hits More Traders With Newswire Hacking Allegations
The U.S. Securities and Exchange Commission on Wednesday brought more litigation over an alleged scheme to hack into newswires to secure a trading advantage, filing suit in New Jersey federal court against Russian traders who allegedly scored more than $19.5 million in illegal profits.