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SEC Settles With Traders Accused of Hacking Its Edgar Database

From bnnbloomberg.ca

The U.S. Securities and Exchange Commission agreed to settle fraud claims against two men accused of profiting from an embarrassing episode for the regulator: the hacking of its Edgar database of corporate filings. David Kwon, Igor Sabodakha and seven other defendants participated in a 2016 scheme that involved extracting files containing companies’ financial results from Edgar and making trades before the information was released publicly, the agency said in a Thursday statement. Kwon, a Californian, and Sabodakha, a Ukrainian, were part of an international group that reaped more than $4.1 million from illicit ... (full story)

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