On January 15, 2019, DOJ unsealed indictments charging two Ukrainian individuals with conspiring to hack into the SEC’s computer systems and profit by trading on critical information they stole. The indictment alleges that, between February 2016 and March 2017, defendants hacked into the SEC’s Electronic Data Gathering, Analysis and Retrieval (EDGAR) system and stole thousands of files, including annual and quarterly earnings reports containing confidential, nonpublic, financial information, which the SEC requires publicly traded companies to disclose. Defendants then sold access to the confidential information in these reports and traded on this stolen information prior to its distribution to the investing public.
United States v. Radchenko and Ieremenko, 19-cr-505 (D.N.J.)
DOJ Press Release