https://marketmanipulation.org/cases/technique/hack-to-trade/ The 14 most recent enforcement records tagged hack to trade in the Market Manipulation library, each linked to its primary source. Tags are our classification, not the charges. en-us Fri, 27 Sep 2024 00:00:00 GMT https://marketmanipulation.org/cases/sec-robert-b-westbrook-insider-trading-2024/ https://marketmanipulation.org/cases/sec-robert-b-westbrook-insider-trading-2024/ In 2024, the Securities and Exchange Commission brought an action against Robert B. Westbrook, alleging conduct this library classifies as hack to trade and insider trading. No monetary relief has been recorded at this stage; the matter is an allegation and remains unproven. A parallel criminal matter is referenced in the release. Fri, 27 Sep 2024 00:00:00 GMT SEC hack-to-trade insider-trading https://marketmanipulation.org/cases/sec-olga-kuprina-insider-trading-2023/ https://marketmanipulation.org/cases/sec-olga-kuprina-insider-trading-2023/ In February 2023 the SEC instituted and settled a cease-and-desist proceeding against Olga Kuprina over a 2016 to 2017 scheme with associates of hacker Oleksandr Ieremenko to break into the EDGAR system and trade on stolen earnings information. She consented to the order and no civil penalty was imposed because of her guilty plea in a parallel criminal case. The 'spoofing' tag previously shown referred to phishing emails spoofed to look like SEC messages. Wed, 08 Feb 2023 00:00:00 GMT SEC insider-trading hack-to-trade https://marketmanipulation.org/cases/sec-vladislav-kliushin-nikolai-rumiantcev-mikhail-irzak-igor-sladkov-hack-to-tra/ https://marketmanipulation.org/cases/sec-vladislav-kliushin-nikolai-rumiantcev-mikhail-irzak-igor-sladkov-hack-to-tra/ In December 2021 the SEC charged five Russian nationals over an alleged hack-to-trade scheme that profited by at least $82 million. On May 22, 2025 the District of Massachusetts granted the SEC's unopposed summary judgment motion against Vladislav Kliushin, who had been convicted in a parallel criminal case and sentenced to nine years before his sentence was commuted. Wed, 22 Dec 2021 00:00:00 GMT SEC hack-to-trade https://marketmanipulation.org/cases/sec-ieremenko-et-al-insider-trading-2020/ https://marketmanipulation.org/cases/sec-ieremenko-et-al-insider-trading-2020/ In 2020, the Securities and Exchange Commission settled an action with Sungjin Cho, Ivan Olefir and Capyield Systems, Ltd., alleging conduct this library classifies as hack to trade and insider trading. The release records a civil penalty of $425,000. A parallel criminal matter is referenced in the release. Thu, 05 Nov 2020 00:00:00 GMT SEC hack-to-trade insider-trading https://marketmanipulation.org/cases/sec-dubovoy-et-al-hack-to-trade-2020/ https://marketmanipulation.org/cases/sec-dubovoy-et-al-hack-to-trade-2020/ In 2020, the Securities and Exchange Commission obtained a judgment against Arkadiy Dubovoy and 7 others, alleging conduct this library classifies as hack to trade. The release does not state a monetary figure that we were able to extract. A parallel criminal matter is referenced in the release. Wed, 10 Jun 2020 00:00:00 GMT SEC hack-to-trade https://marketmanipulation.org/cases/sec-ieremenko-et-al-hack-to-trade-2020/ https://marketmanipulation.org/cases/sec-ieremenko-et-al-hack-to-trade-2020/ In April 2020 the SEC announced settlements, subject to court approval, with traders David Kwon and Igor Sabodakha, defendants in its case over trading on earnings data hacked from the SEC's EDGAR system. Combined, they agreed to $314,278 of disgorgement and $37,199 of interest, and Sabodakha to a $148,804 penalty; Kwon's penalty is reserved for the court. The SEC will move to dismiss its charges against Sabodakha's wife, Victoria Vorochek. Thu, 09 Apr 2020 00:00:00 GMT SEC hack-to-trade https://marketmanipulation.org/cases/sec-lr-24381-hack-to-trade-2019/ https://marketmanipulation.org/cases/sec-lr-24381-hack-to-trade-2019/ In January 2019 the SEC sued a Ukrainian hacker and eight others, alleging they traded on earnings results taken from the SEC's EDGAR system. By 29 July 2021 the court had entered a default judgment against the alleged hacker Oleksandr Ieremenko (penalty $12,405,045) and Andrey Sarafanov ($3,283,305), and the other traders had settled. The summed penalties in the SEC's releases are about $16.3 million. Tue, 15 Jan 2019 00:00:00 GMT SEC hack-to-trade https://marketmanipulation.org/cases/sec-dubovoy-et-al-hack-to-trade-2018/ https://marketmanipulation.org/cases/sec-dubovoy-et-al-hack-to-trade-2018/ In July 2018 the SEC reported that a Brooklyn jury had convicted Vitaly Korchevsky and Vladislav Khalupsky in the criminal case behind SEC v. Dubovoy, the hacked-press-release trading case. In June 2020 the SEC announced court-approved settlements with eight civil defendants including Khalupsky, with monetary liabilities of more than $14 million in total; the releases do not show how Korchevsky's civil claims ended. Tue, 10 Jul 2018 00:00:00 GMT SEC hack-to-trade https://marketmanipulation.org/cases/sec-iat-hong-et-al-hack-to-trade-2017/ https://marketmanipulation.org/cases/sec-iat-hong-et-al-hack-to-trade-2017/ In May 2017 the SEC reported default judgments, entered May 5, 2017, against Iat Hong, Bo Zheng and Hung Chin, who had traded on information hacked from two New York law firms, and against Hong's mother Sou Cheng Lai as a relief defendant. The judgments order combined disgorgement of $2,853,816, interest of $184,605 and civil penalties of $5,857,140, three times each defendant's disgorgement. Tue, 09 May 2017 00:00:00 GMT SEC hack-to-trade https://marketmanipulation.org/cases/sec-iat-hong-et-al-hack-to-trade-2016/ https://marketmanipulation.org/cases/sec-iat-hong-et-al-hack-to-trade-2016/ In December 2016 the SEC charged Iat Hong, Bo Zheng and Hung Chin with trading on merger information hacked from two New York law firms. On May 5, 2017 the court entered default judgments against all three, with injunctions, disgorgement with interest and penalties of three times each man's disgorgement, about $7.9 million in total. Tue, 27 Dec 2016 00:00:00 GMT SEC hack-to-trade https://marketmanipulation.org/cases/sec-dubovoy-et-al-hack-to-trade-2016/ https://marketmanipulation.org/cases/sec-dubovoy-et-al-hack-to-trade-2016/ In November 2016 the SEC announced settlements, subject to court approval, with Russian traders Alexander Fedoseev and Roman Lavlinskiy in the Dubovoy hacked-news-release case. The SEC alleged they made about $1.1 million trading on press releases stolen from two newswires; they agreed to injunctions and to pay more than $1.22 million jointly and severally in disgorgement. Wed, 02 Nov 2016 00:00:00 GMT SEC hack-to-trade https://marketmanipulation.org/cases/sec-korchevsky-et-al-hack-to-trade-2016/ https://marketmanipulation.org/cases/sec-korchevsky-et-al-hack-to-trade-2016/ In August 2016 the SEC reported that Leonid Momotok, a defendant in its hacked-press-release case SEC v. Dubovoy, had pleaded guilty in a parallel criminal case. A consent final judgment against him on May 15, 2020 orders $1,387,960 in disgorgement and $6,967.54 in interest, deemed satisfied by his criminal restitution and forfeiture. Thu, 04 Aug 2016 00:00:00 GMT SEC hack-to-trade https://marketmanipulation.org/cases/sec-zavodchiko-et-al-hack-to-trade-2016/ https://marketmanipulation.org/cases/sec-zavodchiko-et-al-hack-to-trade-2016/ In February 2016 the SEC charged five individuals and four entities with trading on earnings releases stolen from newswire services by hackers. On July 31, 2019 a New Jersey federal court granted default judgment against eight of them for about $19.4 million in disgorgement, $1.1 million in prejudgment interest and $58.1 million in penalties. Wed, 17 Feb 2016 00:00:00 GMT SEC hack-to-trade https://marketmanipulation.org/cases/sec-dubovoy-et-al-hack-to-trade-2015/ https://marketmanipulation.org/cases/sec-dubovoy-et-al-hack-to-trade-2015/ In September 2015 the SEC reported that Ukraine-based Jaspen Capital Partners Limited and its principal Andriy Supranonok, two of 34 defendants in the Dubovoy hacked-news-release case, had agreed to settle, subject to court approval, by consenting to injunctions and $30 million in disgorgement. The SEC alleged they made about $25 million trading contracts for difference on press releases stolen from newswires. Mon, 14 Sep 2015 00:00:00 GMT SEC hack-to-trade