"Ukrainian-based Jaspen Capital Partners Limited and CEO Andriy Supranonok have agreed to pay $30 million to settle allegations they profited from trading on non-public corporate information hacked from newswire services," the press release read.
In August, the US authorities charged nine Ukrainians, five of whom have been arrested, for participating in a global insider trading scheme that involved hacking news releases on mergers and acquisitions.
The SEC unsealed a separate complaint against the insider trading ring, saying that 34 traders across the world benefited from the hacking.
"Today's settlement demonstrates that even those beyond our borders who trade on stolen nonpublic information and use complex instruments in an attempt to avoid detection will ultimately be caught," SEC's Enforcement Division Director Andrew Ceresney said.
The SEC has previously described the illegal trading scheme as "unprecedented" in terms of the scope, the number of traders involved and the amount of the profits generated.
