Phil Muncaster The company formerly known as Yahoo has agreed to pay a $35m penalty to the Securities and Exchange Commission after failing to notify the market promptly about a breach…
Tag: SEC
Yahoo Agrees $80m Securities Class Action Settlement
Phil Muncaster Yahoo has agreed to pay $80m to settle a class action suit filed by investors relating to data breaches affecting three billion customers. Several shareholders filed the suit in…
US regulator warns companies over cyber attack delays
The main US financial regulator has beefed up its rulebook for companies faced with cyber attacks. It includes a warning to corporate insiders about trading in shares before the information…
SEC faces questions after cyber breach
A top US financial regulator faces questions about its preparation for cyber attacks, after disclosing a breach of a key database of company filings. The Securities and Exchange Commission said…
US bitcoin conman hit with $12m fine
An American conman who ran a bogus bitcoin mining scheme has been ordered to pay a $12m (£9.2m) fine. Homero Joshua Garza told investors he would use custom-built computers to…
Chinese hackers must pay $9m over insider trading scam
Three Chinese hackers have been ordered to pay $8.8m (£6.8m) over a multi-million dollar insider trading scam. The US Securities Exchange Commission (SEC) said Iat Hong, 26, Bo Zheng, 30,…