SEC Sues Company for Hacking Into Press Releases

U.S. regulators sued an overseas company and its owner, alleging they hacked into computer systems to get corporate news releases early and traded on that information, making a profit of $2.7 million. The Securities and Exchange Commission, in the lawsuit, accused Blue Bottle Ltd. of using the information it received to trade in securities of at least 12 U.S. companies, including AllianceBernstein Holding LP and Symantec Corp.

  • Read the article: Reuters