He Dumped All His Equifax Stock. Now, Criminal ChargesNewser — Newser Editors
Before Equifax went public with news of its massive data breach last September, Jun Ying, the company's then-US chief information officer, exercised and sold all his stock options.
Now the SEC says the nearly $1 million move was insider trading, and Ying has been charged to that end in federal court. "Ying used confidential information to conclude that his company had suffered a massive data breach, and he dumped his stock before the news went public," per an SEC statement.
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This article originally appeared on Newser: He Dumped All His Equifax Stock. Now, Criminal Charges