Market Manipulation. Search

Hack to trade enforcement actions

This library records 13 enforcement actions tagged hack to trade. Hack to trade is obtaining unpublished, market-moving information by breaking into a computer system, such as a newswire, filing agent or law firm, and trading on it before release; it exploits a true signal and injects no false one into the price.

Actions are listed newest first. Each row links to a case page carrying the regulator's own release and, where one was published, the complaint. For how this technique works and what statute it engages, read the hack to trade technique page.

Actions
13
Total penalties
$574k
Median penalty
$287k
Largest
$425k
Criminal parallel
85%
Action Agency Filed Penalty Status
SEC v. Robert B. Westbrook (hack to trade, 2024) SEC 2024-09-27 filed
SEC v. Vladislav Kliushin, Nikolai Rumiantcev, Mikhail Irzak, Igor Sladkov, and Ivan Yermakov (hack to trade, 2021) SEC 2021-12-22 judgment
SEC v. Ieremenko et al.: settlements with Cho, Olefir and Capyield (hack to trade, 2020) SEC 2020-11-05 $425k settled
SEC v. Dubovoy et al.: settlements with eight defendants (hack to trade, 2020) SEC 2020-06-10 judgment
SEC v. Ieremenko et al.: settlements with Kwon and Sabodakha (hack to trade, 2020) SEC 2020-04-09 $149k settled
SEC v. Oleksandr Ieremenko et al. (hack to trade, 2019) SEC 2019-01-15 filed
SEC v. Dubovoy, et al. (hack to trade, 2018) SEC 2018-07-10 settled
SEC v. Iat Hong, et al. (hack to trade, 2017) SEC 2017-05-09 filed
SEC v. Iat Hong, et al. (hack to trade, 2016) SEC 2016-12-27 judgment
SEC v. Dubovoy, et al. (hack to trade, 2016) SEC 2016-11-02 settled
SEC v. Dubovoy et al.: Leonid Momotok guilty plea (hack to trade, 2016) SEC 2016-08-04 filed
SEC v. Zavodchiko et al. (hack to trade, 2016) SEC 2016-02-17 filed
SEC v. Dubovoy, et al. (hack to trade, 2015) SEC 2015-09-14 settled