Category Archives: stocks

Locks, Stocks and Brokers: Hackers and Insider Trading

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On February 14, 2023, a Russian national and owner of Moscow cybersecurity firm M-13 was found guilty of wire fraud, securities fraud and conspiracy to obtain unauthorized access to computers. Vladislav Klyushin was charged along with four other men — Ivan Yermakov, Nikolai Rumiantcev, Mikhail Irzak and Igor Sladkov. However, Klyushin was the only one […]

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Feeling the Heat of High-Frequency Trading

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It’s high summer here in North America, and for a lot of us, this one has been a scorcher. Media reports have been filled with coverage of heat wave after heat wave, with temperature records falling like dominoes.

But as they say, it’s not the heat, it’s the humidity, and that was painfully true in the first week of July as a slug of tropical air settled into the northeast United States. With dewpoints well into the 70s (25°C plus) and air temperatures pushing the century-mark (38°C), people suffered and systems from transportation to the electrical grid strained under the …read more

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Symantec’s stock plummets after announcement of internal audit

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Stocks for cybersecurity giant Symantec took a sharp decline Friday a day after the company disclosed an internal investigation, while providing little information on the subject of the probe. In a quarterly earnings report Symantec released on Thursday, the company said that an audit committee of its board of directors is looking into “concerns raised by a former employee.” The investigation is in its “early stages,” the company said, adding that its financial results could end up changing based on its outcome. The company, which counts the popular Norton anti-virus software among its products, published its report minutes after markets closed on Thursday. Its stock prices closed at $29.18 per share and opened Friday morning at about $20 — roughly a 30 percent plummet. Rosen Law Firm, which specializes in investor rights, announced on Thursday that it is launching a class action lawsuit for of Symantec shareholders who’ve suffered losses […]

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What are 150,000 stolen press releases worth? About 20 years in prison

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What’s a press release worth? Rather a lot if you steal them before they go public and help people trade on the secrets you’ve uncovered… Continue reading What are 150,000 stolen press releases worth? About 20 years in prison→