December 07, 2016 BY Valentina Kirilova

IT specialist settles charges of insider trading on hacked nonpublic information

The Securities and Exchange Commission (SEC) announced insider trading charges against a San Francisco-based information technology specialist who allegedly hacked senior executives at online travel company Expedia and illegally traded on company secrets. The SEC alleges that Jonathan Ly, who worked in Expedia’s corporate IT services department, illegally traded in advance of nine company news…

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