Ukrainian Hackers Infiltrated SEC to Make Trades, Feds Say

A group of Eastern Europeans broke into the SEC’s company filings database, stole nonpublic information, and then made illicit trades worth over $4.1 million, the agency and DOJ said Jan. 15.

Oleksandr Ieremenko hacked the Securities and Exchange Commission’s EDGAR e-filing system in 2016, then passed the information he obtained to a group of Ukrainian and Russian traders who used it to make a profit, according to two cases in the U.S. District Court for the District of New Jersey.

Ieremenko and Artem Radchenko face a criminal indictment for conspiracy to commit securities fraud. Radchenko allegedly “recruited traders to join ...