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Technology Stocks : Semi Equipment Analysis

SOXX 314.52

-0.6%

Dec 11 4:00 PM EST

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From: Sr K	9/20/2017 11:28:56 PM
	of 95572

Hack of SEC Corporate Filing System May Have Led to Illicit Trading Profits By Jesse Westbrook September 20, 2017, 8:53 PM EDT > Breach of system that houses corporate filings occured in 2016 > Regulator says hack was a result of software vulnerability bloomberg.com The U.S. Securities and Exchange Commission said a hack of its electronic database of corporate announcements may have led to cybercriminals obtaining market-moving information that they profited from illegally. While the SEC first detected the breach of an aspect of its Edgar filing system in 2016, it wasn’t until last month that it learned the incident “may have provided the basis for illicit gain through trading,” the regulator said in a statement Wednesday. Edgar houses millions of filings that companies are required to submit to the SEC so that they can be perused by investors. SEC Chairman Jay Clayton said the agency’s review of the cyberattack is ongoing and that the agency is “coordinating with the appropriate authorities.” The SEC said the breach occurred because of a software vulnerability in Edgar. While the weakness was “patched promptly after discovery,” it still resulted in hackers gaining access to nonpublic information, the SEC said.

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