Bloomberg Law
Aug. 27, 2015, 12:21 PM

SEC Won’t Recommend Enforcement Action Over Target’s Data Breach

Ellen Rosen

The U.S. Securities and Exchange Commission won’t pursue an enforcement action against Target Corp. after hackers stole data on 40 million credit and debit cards during the 2013 holiday shopping season, according to a regulatory filing.

The agency finished its probe during Target’s second quarter this year, which ended Aug. 1, the Minneapolis-based retailer said in a regulatory filing Tuesday. The Federal Trade Commission and state attorneys general are still investigating the breach.

Hackers stole credit- and debit-card data, as well as personal information, for as many as 110 million Target customers during the 2013 holiday season. The retailer has ...

Learn more about Bloomberg Law or Log In to keep reading:

Learn About Bloomberg Law

AI-powered legal analytics, workflow tools and premium legal & business news.

Already a subscriber?

Log in to keep reading or access research tools.