Former Equifax executive charged with insider trading for dumping nearly $1 million in stock ahead of data breach. A former Equifax executive faces insider trading charges for dumping nearly $1 million of company stock just days before the credit reporting company announced a massive data breach last summer. Read more Wednesday, March 14, 2018 A former Equifax CEO has been charged with insider trading. Equifax first discovered its systems had been compromised on July 29, 2017 — 40 days before it made the disclosure public. That gives the indication of insider trading, the practice of using confidential information to one's advantage in the marketplace. While the company claims that the executives did not have knowledge of the data breach when they sold the stock, that's an awfully convenient time to sell a piece of the company. A former manager at Equifax has been charged with insider trading by the SEC related to the credit-reporting company's data breach last year. Did three Equifax executives, including the chief financial officer, engage in insider trading when they sold thousands of shares in the days after the company discovered a massive security breach? ATLANTA (AP) — A former Equifax executive who sold stock for nearly $1 million a week and a half before the company announced a massive data breach has pleaded guilty to insider trading. An Equifax software engineer has settled an insider trading charge with the U.S. Securities and Exchange Commission, after he allegedly earned more than $75,000 after he made a securities
Equifax Exec Charged With Insider Trading After Dumping Stock Ahead of Breach. The SEC brings charges against Jun Ying, who had been in line to become Equifax's next chief information officer Washington, DC - United States Senator Elizabeth Warren (D-Mass.) sent a letter to Equifax's interim Chief Executive Officer Paulino do Rego Barros Jr. about the Securities and Exchange Commission's (SEC) announcement that it has charged Jun Ying, a former Equifax chief information officer, with insider trading. Mr. The Board of Equifax announced Tuesday that Richard Smith will "retire" as Chairman of the Board and Chief Executive Officer, effective September 26, 2017 Business Insider". Equifax was
The Securities and Exchange Commission today charged a former Equifax manager with insider trading in advance of the company's September 2017 announcement of a massive data breach that exposed Social Security numbers and other personal information of approximately 148 million U.S. customers. SEC Charges a Former Equifax CIO With Insider Trading Jun Ying Allegedly Dumped Stock After Deducing Equifax Had Suffered Mega-Breach Mathew J. Schwartz interim CEO of Equifax, says in a
Equifax calls executive stock sales days after breach legal to comment when asked by lawmakers if executives at Equifax engaged in insider trading when they sold their shares. Equifax CEO SEC Chairman Jay Clayton has refused to comment when asked by lawmakers if executives at Equifax engaged in insider trading when they sold their shares. He has not confirmed or denied that the SEC Insider trades for Equifax Inc (EFX). Monitor SEC Form 4 Insider Trading Filings for Insider Buying and Selling. Real-time Insider Trading Stock Screener. Long and Short Trading Ideas using Insider Transaction Data. Credit ratings agency Equifax (NYSE:EFX), which was breached in a massive hack earlier this year, said on Friday that a special committee found the executives who sold millions of dollars in stock In the wake of the hack of personal consumer information from Equifax Inc.'s computers, congressional lawmakers have asked the Securities and Exchange Commission ("SEC") to investigate whether company executives violated insider trading laws. Three senior executives at Equifax, including the company's chief financial officer, sold almost $2 million worth of the company's shares just days after it learned of a hack that might've exposed It's been a year since Equifax acknowledged a catastrophic data breach that compromised the personal information of more than 147 million people. It prompted congressional hearings and investigations.
Tag: Equifax. Cyber Security News 02 August 2019. Former Equifax software product development manager Convicted of Insider Trading Former Equifax Manager, Sudhakar Reddy Bonthu, was sentenced today after pleading guilty to insider trading. Former Equifax CEO Testifies Before Subcommittee. 2017-10-03 2017-10-03 Michelle Dvorak. ATLANTA (AP) — Prosecutors say a former manager at Equifax has pleaded guilty to insider trading. The U.S. Attorney's Office in Atlanta says Sudhakar Reddy Bonthu of Atlanta on Monday entered The three executives who sold shares, including Equifax's chief financial officer, are under scrutiny. In a hearing Tuesday, the chairman of the Securities and Exchange Commission, Jay Clayton, refused to comment when asked by lawmakers if executives at Equifax engaged in insider trading when they sold their shares. Just one day after the massive security breach at Equifax last September, reports of insider trading began to surface and it turns out that those allegations were at least partially correct. Jun Jun Ying, 42, the former chief information officer of Equifax, was charged Wednesday with insider trading for selling his share for nearly $1M before the company's data breach was revealed to the