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Equiniti Trust Co charged with failing to protect client funds against cyber intrusions

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Martina Lindberg

1 min read
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Millions of client funds were stolen due to two unlinked cyber incidents.

Equiniti Trust Company LLC, formerly known as American Stock Transfer & Trust Company LLC, has agreed to pay a civil penalty of $850,000 to settle charges with the SEC over failing to ensure client securities and funds were protected against theft or misuse.

The New York-based registered transfer agent faced two

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