Trading hacked reports... *LINK*
I was thinking yesterday as the Fed statements caused the currencies to go crazy...man, if someone could get a hold of this info before hand they could make some crazy money.
Not exactly the same thing but, yea...it's the same as. hacking never crossed my mind...I guess I'm a product of "Trading Places" generation where there would have to be some clandestine operation to steal the physical report in transport...they probably don't even put it on paper anymore. hahaha
I'm a dinosaur.
"WASHINGTON—The top U.S. markets regulator disclosed Wednesday that hackers penetrated its electronic system for storing public-company filings last year and may have traded on the information.
The Securities and Exchange Commission’s chairman, Jay Clayton, revealed the breach in an unusual and lengthy statement issued Wednesday evening that didn’t provide many details about the intrusion, including the extent of any illegal trading."