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SEC Goes After Online Trading Firms That Unwittingly Helped Latvian Hacker

Posted by Wrangler on January 27, 2012
Posted in: Wired. Tagged: after, Firms, Goes, Hacker, Helped, Latvian, Online, Trading, Unwittingly.

In an effort to crack down on hacker/stock traders who hijack brokerage accounts and exploit the stock market for gain, the Securities and Exchange Commission has, in a novel move, gone after four online trading companies and eight executives who they say helped a Latvian hacker make more than $ 850,000 from fraudulent trades.




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