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Insider Traders To Pay $30m In Newswire Hacker Scam

This article was originally published in Scrip

Executive Summary

A Ukrainian firm and its CEO have agreed to pay $30m to settle charges they profited from trading on insider information they received from not-yet-public press releases, which contained information about public companies' quarterly and yearend earnings, financial performances and potential mergers and acquisitions, the U.S. Securities and Exchange Commission (SEC) said on Sept. 14.

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