By Sarah N. Lynch and Jonathan Spicer WASHINGTON/NEW YORK (Reuters) - Wall Street's top regulator faced questions on Thursday about its defenses against cyber criminals after admitting hackers breached its electronic database of corporate announcements and may have used it for insider trading. The SEC's EDGAR filing system is the central repository for market-moving information on corporate America with millions of filings ranging from quarterly earnings to statements on acquisitions. The SEC said late on Wednesday that a hack occurred in 2016 but it had only discovered last month that the cyber criminals may have used the information to make illicit trades.
Bank of America Merrill Lynch thinks the hottest area of the global stock market has much higher to climb. Perhaps surprisingly, it's not the S&P 500, even though the benchmark US index has shown some serious strength, climbing 12% this year. Based on comparisons to past bull-market stretches, the group has historically risen roughly 230% during expansion periods that last 42 months on average, according to BAML data.
Then she heard about Loftium, a startup that ponies up the down payment for first-time buyers. With that financial support, she was able to put 5 percent down on a two-bedroom Craftsman home in a quiet alley in Seattle’s Capitol Hill neighborhood. Coe says that she’s closing on the house any day now.