A Ukrainian firm and its CEO, alleged to be part of an international web of hackers and traders that made $100 million in a massive scheme, are paying $30 million to settle U.S. regulators' charges against them.
The Securities and Exchange Commission announced the settlement Monday with Jaspen Capital Partners and CEO Andriy Supranonok, who agreed to make restitution for the allegedly ill-gotten gains. They neither acknowledged nor denied wrongdoing.
Continue Reading Below
The SEC last month brought civil charges against Jaspen, Supranonok and 32 other people and companies in the U.S. and Europe, accusing them of raking in $100 million by stealing looks at corporate press releases before they went out and then trading on that information ahead of the pack.