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SEC brings charges in EDGAR hacking case

Jaclyn Jaeger | January 15, 2019

The Securities and Exchange Commission has brought charges against nine defendants for participating in a previously disclosed scheme to hack into the SEC’s Electronic Data Gathering, Analysis, and Retrieval (EDGAR) system and extract non-public information to use for illegal trading.

The intrusion into the SEC's EDGAR system took place in 2016. The SEC said it immediately initiated a series of review and response initiatives, including promptly disclosing the incident and its response to the public and to Congress. “In the subsequent months, we have pursued various review and uplift efforts around the EDGAR system and the SEC's information technology systems more broadly,” SEC Chairman Jay Clayton said in a statement. Clayton discussed these efforts in detail in ...

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