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  • Insider trading charge leveled at Equifax CIO

    Posted on March 14, 2018 at 11:59 CDT by • Comment in the Forums

    Remember how three Equifax execs sold $1.8 million in Equifax stock, after the company was hacked but before the hack was announced?

    The SEC just nailed one of them:

    Jun Ying, who was next in line to be the company’s global CIO, allegedly used confidential information entrusted to him by the company to conclude that Equifax had suffered a serious breach.  The SEC alleges that before Equifax’s public disclosure of the data breach, Ying exercised all of his vested Equifax stock options and then sold the shares, reaping proceeds of nearly $1 million.

    Let’s see what happens.

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