U.S. Files Charges against Russian, Ukrainian Defendants for Role in Illegal Trading Scheme

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Friday, February 8, 2019
Author: 
Zarine Kharazian
Volume: 
35
Issue: 
2
Abstract: 

Federal authorities have filed charges against eight individuals, several of whom are of Russian or Ukrainian nationality, for hacking into a government database as part of an illegal trading scheme. In a civil complaint filed on January 15, 2019, the United States Securities and Exchange Commission (SEC) alleges that some of the defendants employed a “variety of deceptive means” to gain access to thousands of nonpublic documents from the  SEC’s Electronic Data Gathering, Analysis, and Retrieval system (EDGAR).