Outrage over Equifax execs banking $2 million in stock sales
Friday, 8 September 2017 () The sale of nearly $2 million in corporate stock by high-level Equifax executives shortly after the company learned of a major data breach has sparked public outrage that could turn into another hurdle for the credit rating agency. The sales all occurred before the company publicly reported the breach, a disclosure that quickly sent its stock tumbling more than 13 percent Friday. The timing of the sales could attract federal scrutiny, legal experts say, though proving insider trading would be difficult. A company spokeswoman said the executives did not know about the breach when they sold their shares.
The U.S. Justice Department has opened a criminal investigation into whether top officials at Equifax Inc. violated insider trading laws when they sold stock... SFGate - BusinessAlso reported by •Newsmax