21 August 2017
visit www.avoka.com

Ex-AllianceBernstein man charged with stealing FIX software

14 April 2011  |  5699 views  |  0 digital fingerprints

A former AllianceBernstein employee has been charged with stealing software used to send and receive FIX messages from the investment firm.

Peter Jan worked at the company's sell-side brokerage unit as a FIX application support specialist, providing computer help related to the messaging standard.

Last March Jan handed in his notice but, according to documents filed in court in New York, four days before he quit the defendant used an external hard drive to download specialised computer software licensed to AllianceBernstein.

The software was used by the company to send and receive FIX messages that contained data regarding the identities of AllianceBernstein clients and transactions conducted by them, as well as information and files owned by the company. By taking the software, Jan was able to read the content of the messages.

Jan's actions were uncovered and he was fired. He has now been charged with computer trespass, unlawful duplication of computer related materials, and grand larceny.

District Attorney Cyrus Vance says: "The defendant, who was leaving his job and moving to a new firm, saw and took an opportunity to steal AllianceBernstein's software and thereby violate New York State law. Employees who take advantage of their access to sensitive information will face criminal prosecution for data theft."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Ex-Goldman programmer jailed for eight years over HFT code theft

Ex-Goldman programmer jailed for eight years over HFT code theft

21 March 2011  |  9251 views  |  0 comments
Former Goldman Sachs programmer convicted over HFT code theft

Former Goldman Sachs programmer convicted over HFT code theft

13 December 2010  |  9632 views  |  0 comments
Former SocGen trader found guilty of code theft

Former SocGen trader found guilty of code theft

23 November 2010  |  9335 views  |  0 comments
SocGen trader goes on trial for HFT code theft

SocGen trader goes on trial for HFT code theft

10 November 2010  |  7850 views  |  0 comments
Former bank IT man pleads guilty to $1m ID theft scam

Former bank IT man pleads guilty to $1m ID theft scam

05 July 2010  |  9427 views  |  0 comments
BofA call centre worker pleads guilty over data theft

BofA call centre worker pleads guilty over data theft

09 June 2010  |  5973 views  |  0 comments
UBS algo trading code theft case dropped

UBS algo trading code theft case dropped

15 February 2010  |  11706 views  |  0 comments

Related blogs

Create a blog about this story (membership required)
visit www.niceactimize.comvisit www.dorsum.eudownload the paper now

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
10426 views comments | 23 tweets | 23 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
8692 views comments | 19 tweets | 23 linkedin
hands typing furiouslyWhy Is Risk Analytics Important?
8537 views 0 | 3 tweets | 1 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
8380 views comments | 10 tweets | 7 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
7818 views comments | 16 tweets | 16 linkedin

Featured job

Find your next job