Lauren Macon

Lauren Macon is an associate in the firm’s Securities Litigation Group. Her practice focuses primarily on securities fraud actions, shareholder derivative suits, corporate investigations and other complex commercial litigation. Read more→

SEC Chairman Jay Clayton Announces Data Breach of SEC Systems Which May Have Led to Insider Trading

Posted on: 25 Sep 2017

SEC Chairman Jay Clayton issued a public statement on Cybersecurity (the “Clayton Statement”) last week, disclosing a 2016 attack on the SEC’s database of corporate filings. The intrusion exploited a vulnerability in the test filing component of the EDGAR system, a document repository for disclosures from public companies and issuers, through which the intruder was able to gain access to nonpublic (and potentially sensitive) corporate information.  Though the intrusion was detected in 2016, Clayton stated that the agency learned only in August 2017 that the incident, “may have provided […] Read more

SEC Confirms Plans To Issue New Cybersecurity Disclosure Rules

Posted on: 27 Apr 2015

According to Smeeta Ramarathnam, Chief of Staff to SEC Commissioner Luis Aguilar, the SEC is currently engaging in a comprehensive re-work of its investor disclosure rules, including with respect to rules bearing on cybersecurity incident disclosure. The SEC, which is formally tasked with overseeing issues that concern market integrity and disclosure of material information, revealed its plan to overhaul its disclosure rules during an April 23 panel at the 2015 RSA Conference in San Francisco, during which Ramarathnam stated that the SEC was entering “a time of great change” with respect to […] Read more