President-elect Donald Trump has now had a classified briefing from the Director of National Intelligence and the directors of the FBI, CIA, and NSA on the Russian hacking issue, and we have had the chance to read the unclassified version of the report. What can we conclude?
Continue reading Russian Hacking: Trump’s Plan B
The case of the day is Securities & Exchange Commission v. Dubovoy (D.N.J. 2016). The SEC sued Nikolai Slepenkov and Maxim Zakharchenko, both Russian nationals, alleging violations of § 17(a) of the Securities Act of 1933 and §§ 10(b), 20(b), and 20(e) of the Securities Exchange Act of 1934. The claim was that Ukrainian hackers hacked into wire service computers and stole not-yet-public press releases, which they passed to traders such as Slepenkov and Zakharchenko, who then traded illegally on the information. The traders, including Slepenkov and Zakharchenko, allegedly made $100 million in profit over the life of the scheme. The SEC sought leave to serve process on the two by email.
Continue reading Case of the Day: SEC v. Dubovoy
Countries spy on each other, as they should. It’s important to understand the politics of allies and adversaries, and the intentions of leading political figures. So while I don’t like the fact that, according to reports of the assessment of the US intelligence community, the Russian government is behind the hack of the Democratic National Committee, I understand it. I hope we take similar steps to get an inside view of Russian political leaders. Jack Goldsmith made just that point today:
Continue reading Editorial: Russia and Wikileaks