Slashdot Mirror
US Securities and Exchange Commission Hunting Insider Trading Hackers
An anonymous reader writes: The U.S. Securities and Exchange Commission is actively investigating the FIN4 financial hacking group identified by FireEye last December, according to a Reuters report. In an unprecedented extension of its usual practice, the SEC is soliciting information about security breaches from private companies, who are not obliged to reveal them unless the breach enters into categories covered by federal law. Former SEC Head of Internet Enforcement John Reed Stark describes the proactive stance of the organization as an "absolute first."
How did it come to this, that a once great tech mag is reduced to spamming the Internet with slashvertisments for the MICROS~1 corporation. Currently on the main page: 11 mentions of Windows and 05 mentions of Microsoft.
"Former SEC Head of Internet Enforcement John Reed Stark describes doing his job as a regulator as an 'absolute first.'"
Is it just my observation, or are there way too many stupid people in the world?
I find it really hard to believe any human would compromise their principals to gain money. This is a witch hunt, plain and simple.
Queue up the internet insider trading frame up scenario.
#1 Hack A, a competitor to B, finding that A will do X.
#2 Hack B, leaving hints that it was A that did it.
#3 Leak to gullible idiot in B that A is doing X.
#4 Trade on X happening.
#5 gullible idiot trades on X happening.
#7 Trade on B being found out by the SEC
#6 SEC throws gullible idiot to the dogs.
#7 Profit!
I should use this sig to advertise my book ISBN-13 : 978-1501515132.
ah, yes, "X amount." that's very good, isn't it?
still do insider trading with impunity, it's like the criminals are running the penitentiary.
that's how it works.
They stole a LOT more money from the public than any hacking group, and yet none of them have been hung up by their thumbs by the SEC. Crime is OK as long as it is done by the heads of big banks. Hey SEC, you sicken me.
Technically speaking it isn't 'insider trading' as in some broker gives some other broker advanced information on the movement of some stock.
Jordans are really popular that you will find enthusiasts of these footwear. They typically classify the Air Jordan line by Model and release year. Models include Originals OG,Retros nike tn pas cher. Retro Advantages Retro, Player Exclusive PE and Samples. The Jordan brand legendary for the Jordans line also transpires with manufacture other types of signature footwear.Jordans footwear are often and broadly available on the web they may also be purchased from boutiques and sneaker selling shops. How was Jordans conceptualized? Back In 1984, Nike was lagging far behind within the busy sportswear market. Nike was top quality because the Whitened Guy Jogging Logo and had simply no claims within the basketball world. The running footwear picture of Nike was dying out and the necessity of the hour would be a completely new and appealing type of footwear which had different utility value from the running or jogging shoe. There is a significantly needed impetus with the Jordans line that was created by Nike using the rookie player Jordan since it's icon and ambassador. He was offered a whooping amount of $2.5 million for any 5 year contract aside from royalties and fringe benefits. The http://www.airjordannz.com/ required the sports shoe industry by storm.
Ohhhh, right, no big banks or rich white men are targetted here. Right.
Oh, yes; *Hackers* are the source of the rot and corruption in the US stock, securities, and banking institutions. Hackers (i.e., Tufta).
X was a thing, not an amount.
I should use this sig to advertise my book ISBN-13 : 978-1501515132.