Online brokerage account scams worry SEC

It sounds funny to me that the regulators are just discussing the danger that this represents.

from reuters.com

WASHINGTON (Reuters) - High-tech crooks are hijacking online brokerage accounts using spyware and operating from remote locations, sometimes in Eastern Europe, U.S. market regulators said on Friday.

The computer “incursions” are a growing problem, said Walter Ricciardi, deputy enforcement director at the U.S. Securities and Exchange Commission.

“It’s something we’re very concerned about,” he said in remarks at a legal conference in Washington.

full story here