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August 11, 2015

Posted  January 28, 2016

The SEC announced fraud charges against 32 defendants for taking part in a scheme to hack into newswire services, steal corporate earnings announcements before they were publicly released, and trade on this information.  The SEC’s complaint alleges that defendants generated more than $100 million in illegal profits through the scheme over a five year period.  SEC

Tagged in: Insider Trading, Securities Fraud,