SEC reveals further damage from Edgar hack

The agency said two people's personal data, including dates of birth and Social Security numbers, were stolen, as it continues to investigate the breach.
OCT 02, 2017

The U.S. Securities and Exchange Commission said Monday that the hackers who broke into its corporate filing system last year accessed two people's personal information, a change from the agency's previous assessment that it didn't believe such data had been compromised. The breach of the SEC's Edgar database, which was first made public last month, led to the disclosure of names, dates of birth and Social Security numbers, the regulator said. The SEC didn't provide details on whose personal data may have been stolen, including whether they were agency employees. SEC Chairman Jay Clayton had previously said the regulator didn't think hackers had accessed such information, which could be used for identity theft. Mr. Clayton learned Sept. 29 that personal data was breached, the agency said. (More: SEC creates cyber unit to eye firms and task force for investor protection) "Staff are reaching out to the two individuals to notify them and offer to provide them with identity theft protection and monitoring services," the SEC said. Should the SEC determine that other people's data were stolen, it will "contact them and offer them identity protection and monitoring as well," the regulator said. Since disclosing the incident on Sept. 20, Mr. Clayton has come under mounting pressure from lawmakers to provide additional details about the 2016 intrusion. The SEC has said it believes the hackers may have accessed market-moving information that they traded on. The SEC has said its enforcement division is investigating the incident.

Latest News

Advisor moves: LPL nabs Cetera teams in California, Texas
Advisor moves: LPL nabs Cetera teams in California, Texas

Meanwhile in Florida, Raymond James welcomed a multigenerational advisor group from Stifel, while Merrill reeled in Morgan Stanley advisors in the Chicago North and Nashville markets.

UBS sees 2.2% decline in advisor headcount during the past 12 months
UBS sees 2.2% decline in advisor headcount during the past 12 months

But management remains focused on UBS advisors’ ability to reel in new assets.

VanEck partners with Allocate to expand private markets access
VanEck partners with Allocate to expand private markets access

VanEck is leaning on Allocate's operating platform to bring a private markets offering to financial advisors in weeks, not months.

Carson Group welcomes $1.76B Wells Fargo team in New Hampshire expansion
Carson Group welcomes $1.76B Wells Fargo team in New Hampshire expansion

The Omaha-based RIA's second Hanover office deepens its US expansion as industry dealmaking hits a record clip in 2026.

CAIS, Arch raise fresh capital as advisors lean into private markets
CAIS, Arch raise fresh capital as advisors lean into private markets

The two alternative-investment platforms' new financing – coming from Blue Owl, Carlyle, Franklin Templeton and other big-name backers – signals deepening advisor demand for private-market access.

SPONSORED Direct indexing webinar targets tax-loss harvesting amid market swings

Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains

SPONSORED Who builds the income when the pension disappears?

Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income