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Equifax execs should face jail for alleged insider trading, U.S. senator says

bizjournals Wednesday, 13 September 2017
A third U.S. Senator blasted Equifax Inc. on Tuesday after a massive data breach that affects nearly half of all Americans. Sen. Heidi Heitkamp, a Democrat who sits on the Senate Banking Committee, said it was “disturbing” that it appeared executives sold nearly $2 million worth of company stock after the company learned of the breach but before it was made public, the New York Times reported. “If that happened, somebody needs to go to jail,” Heitkamp said at a credit union industry conference…
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Source: Wochit Business - < > Embed
News video: Equifax Says 3 Top Execs 'Had No Knowledge' Of Security Breach Before Selling Stock

Equifax Says 3 Top Execs 'Had No Knowledge' Of Security Breach Before Selling Stock 00:38

Equifax said three top executives who sold nearly $2 million in company stock before a massive security breach was announced "had no knowledge" of the incident beforehand, according to an emailed statement from the credit-monitoring agency.

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Stephanie Hamm RT @SenWarren: Incentives for companies like @Equifax are out of whack. Consumers should control their own data. Execs should face conseque… 1 week ago

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