Russian Traders To Pay $1.2M Over Hacked Newswire Plot

Law360, New York (November 2, 2016, 7:55 PM EDT) -- 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.

Alexander Fedoseev and Roman Lavlinskiy became the latest to reach settlements with the SEC as part of a sprawling suit filed in August 2015 against more than 30 defendants over an alleged plot to steal nonpublic corporate news releases from major U.S. newswires...
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