Equifax exec charged with insider trading, selling shares ahead of hack news

TechCrunch | 3/14/2018 | Katie Roof
monna (Posted by) Level 3
Click For Photo: https://techcrunch.com/wp-content/uploads/2017/09/rtx3fbvg.jpg?w=589

Click For Photo: https://techcrunch.com/wp-content/uploads/2017/09/rtx3fbvg.jpg

Former Equifax exec Jun Ying has been charged with insider trading, according to the Securities and Exchange Commission. Ying is accused of knowing that Equifax had been hacked and selling company shares before the public was notified.

Ying, who was “next in line to the be company’s global CIO, allegedly used confidential information entrusted to him by the company to conclude that Equifax had suffered a serious breach,” says the SEC release. He sold $1 million in shares and avoided a potential loss of $117,000.

Revelation - Hack - Credit - Reporting - Agency

Following the revelation of a widespread hack at the credit reporting agency, Equifax shares took a tumble on the stock market. Shares...
(Excerpt) Read more at: TechCrunch
Wake Up To Breaking News!
Sign In or Register to comment.

Welcome to Long Room!

Where The World Finds Its News!