Traders Settle Case Tied to Hack of SEC’s Corporate Database

Two men accused of trading on information hacked from a government database will pay $425,000 to settle regulatory claims, a fraction of the illegal profits they were alleged to have earned.

The outcome is more evidence that the effort to punish those responsible for the 2016 hack—which embarrassed the Securities and Exchange Commission, from which the data was stolen—is winding down without dire consequences for the accused. The alleged hackers, who live in Ukraine, remain free. The State Department recently offered $1 million…