Securities and Exchange Commission (SEC)

SEC sues press release hackers for 2016 breach

Photo of hands typing computer code on a laptop keyboard.
HTML code on a laptop. Photo: Jens Büttner/picture alliance via Getty Images

The U.S. Securities and Exchange Commission has charged a group of hackers in the U.S., Ukraine, and Russia with perpetrating a 2016 breach of its online corporate filing portal (EDGAR), and making more than $4.1 million in gains from using non-public information about companies.

Why it matters: The SEC says that this is the same group that hacked corporate press release websites and similarly used non-public information to make trades. The U.S. attorney’s office for the District of New Jersey has filed criminal charges against the group as well.

Go deeper: How an international hacker network turned stolen press releases into $100 million

The unicorn parade

Illustration of a unicorn
Illustration: Rebecca Zisser/Axios 

The new stock market volatility isn’t expected to discourage a parade of unicorn IPOs in early 2019.

Who’s coming: Uber and Lyft have already filed confidential paperwork, so they’re likely to price before the end of Q1. There also are widespread expectations about offerings from Airbnb, Peloton, Palantir and Slack.

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