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SEC Breach Might Have Led to Illegal Trades

Sep 22, 2017
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The Securities and Exchange Commission announced that its system for storing information filed by publicly traded companies was hacked last year. Revealed in the 17th paragraph of a statement on cybersecurity released Wednesday night, Chairman Jay Clayton said the incident involving the SEC’s EDGAR system might have been used to make illegal trades.

 Clayton said the SEC detected the incident last year, but learned only last month about the potential for illicit gains. He said hackers gained access to nonpublic information, though the agency doesn’t believe they accessed personally identifiable information.

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