Ukranian-based Jaspen Partners Limited and its CEO Andriy Suprnonok agreed to pay $30 million to settle SEC allegations that they profited from trading on non-public corporate information hacked from newswire services. Jaspen and Supranonok were two of the traders alleged to have received stolen data hacked from newswire services and transmitted to a web of international traders. According to the SEC’s complaint, Jaspen and Supranonok made approximately $25 million buying and selling contracts-for-difference (CFDs) on the basis of hacked press releases. The SEC’s litigation continues against the remaining 32 defendants charged in the case. SEC
* * *If you would like more information or would like to speak to a member of Constantine Cannon’s whistleblower lawyer team, please click here.