SEC Sues Firm for Hacking Company News Releases

["Fergie" <fergdawg () netzero net>]

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Via Reuters.

[snip]

U.S. regulators sued an overseas company and its owner on Monday, alleging
they hacked into computer systems to get corporate news releases early and
traded on that information, making a profit of $2.7 million.

The Securities and Exchange Commission, in the lawsuit, accused Blue Bottle
Ltd. of using the information it received to trade in securities of at
least 12 U.S. companies, including AllianceBernstein Holding LP and
Symantec Corp.

[snip]

More:
http://today.reuters.com/news/articlenews.aspx?type=technologyNews&storyid=
2007-02-26T195447Z_01_N26291469_RTRUKOC_0_US-BLUEBOTTLE-SEC.xml

- - ferg

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--
"Fergie", a.k.a. Paul Ferguson
 Engineering Architecture for the Internet
 fergdawg(at)netzero.net
 ferg's tech blog: http://fergdawg.blogspot.com/


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