US identifies insider trading ring
US authorities break up an alleged insider trading ring that relied on computer hackers to pilfer corporate press announcements. |||
Pennsylvania – Exposing a new front in cybercrime, US authorities broke up an alleged insider trading ring that relied on computer hackers to pilfer corporate press announcements and then profited by trading on the sensitive information before it became public, according to a person familiar with the matter.
Officials have identified nine hackers and traders who are expected to be charged Tuesday by officials in Brooklyn, New York, and New Jersey. Five of the men were arrested …read more
Source: Independent Online
