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September 14, 2015

Posted  January 28, 2016

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

Tagged in: Insider Trading, Securities Fraud,