Get Even More Visitors To Your Blog, Upgrade To A Business Listing >>

Feds reportedly investigate Equifax executives' stock sales

The Department of Justice has reportedly opened a criminal investigation into whether three top Equifax officials violated insider trading laws when they sold company stock before a massive cyberbreach was made public.

Bob Page, a spokesman for Horn, would say only that federal prosecutors there are working with the FBI to conduct a criminal investigation of the cyberbreach and resulting theft of personal information.

The company first publicly disclosed the cyberbreach after financial markets closed on Sept. 7, announcing that personal identifying information for an estimated 143 million U.S. consumers could be compromised by a cybersecurity attack attributed to suspected criminal hackers.

Regulatory filings show the executives' Stock Sales were conducted in the days after Equifax discovered the cyberbreach, and long before the company notified investors and the public.

In order to prove insider-trading violations by those who sell their shares of company stock, prosecutors generally must have evidence showing that the sellers conducted the transactions based on material, non-public information.


  • Equifax faces criminal probe after executives sold off stocks before ...Vox
  • US Justice Department investigating Equifax execs who dumped shares before ...TechCrunch
  • The Justice Department has reportedly opened an insider-trading investigation ...Markets Insider
  • US launches criminal probe into Equifax breachFinancial Times
  • Trading by Equifax execs under federal scrutiny, report saysCNBC
  • DOJ Opens Criminal Probe into Equifax Execs, Report SaysLawNewz
  • Equifax stock sales said to be focus of US criminal
  • Equifax stock sales prompt DOJ investigation for insider tradingEngadget
  • Equifax stock sales are now the focus of a criminal probe by the DOJFast Company

This post first appeared on The 5th News, please read the originial post: here

Share the post

Feds reportedly investigate Equifax executives' stock sales


Subscribe to The 5th News

Get updates delivered right to your inbox!

Thank you for your subscription