SEC sues 'hacker' firm for insider trading

A firm that allegedly hacked into corporate servers to access news releases early has been sued by US market regulators.
Blue Bottle used the illegal tactic to gain an unfair advantage in market trades that have made it $2.7m in profits, the Securities and Exchange Commission claims. A lawsuit filed by the SEC on Monday alleges Blue Bottle used this illicitly-gained information to guide its trades in securities for 12 US firms including Real Networks and Symantec. Matthew Charles Stokes, 30, the firm's sole owner, and Blue Bottle are named as joint defendants to the lawsuit.

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