Fri Sep 29, 2017, 02:56 PM

HAB911 (8,162 posts)

Equifax is investigating executive stock sales

Equifax is investigating three executives who sold company shares worth nearly $2 million shortly after a massive data breach was discovered, but before the company announced the breach to the public.

http://money.cnn.com/2017/09/29/news/companies/equifax-investigation/index.html?sr=twCNN092917companies0330PMStoryLink

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6 replies	Author	Time	Post
Equifax is investigating executive stock sales (Original post)	HAB911	Sep 2017	OP
Yea im sure it's high on their to do list	Fullduplexxx	Sep 2017	#1
And the punishments shall be severe. n/t	trotsky	Sep 2017	#5
Right, like they will take back some of their golden parachutes.	redstatebluegirl	Sep 2017	#2
Perhaps the SEC should follow their example?	MineralMan	Sep 2017	#3
Investigating?	gratuitous	Sep 2017	#4
They said they're innocent - what more do you people need to hear?	trotsky	Sep 2017	#6

Response to HAB911 (Original post)

Fri Sep 29, 2017, 02:58 PM

Fullduplexxx (6,638 posts)

1. Yea im sure it's high on their to do list

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Response to Fullduplexxx (Reply #1)

Fri Sep 29, 2017, 03:39 PM

trotsky (49,533 posts)

5. And the punishments shall be severe. n/t

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Response to HAB911 (Original post)

Fri Sep 29, 2017, 03:01 PM

redstatebluegirl (12,114 posts)

2. Right, like they will take back some of their golden parachutes.

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Response to HAB911 (Original post)

Fri Sep 29, 2017, 03:05 PM

MineralMan (144,938 posts)

3. Perhaps the SEC should follow their example?

Seems interesting to me, at least. I would personally take great pleasure in seeing Equifax go bankrupt, frankly. They are vile.

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Response to HAB911 (Original post)

Fri Sep 29, 2017, 03:30 PM

gratuitous (80,046 posts)

4. Investigating?

Didn't Equifax already issue a statement that these three executives all made the decision to sell stock totally independently of one another, and without any knowledge that Equifax had fucked up colossally?

Why yes, yes Equifax did say that:

http://www.npr.org/sections/thetwo-way/2017/09/08/549434187/3-equifax-executives-sold-stock-days-after-hack-that-wasnt-disclosed-for-a-month

Three executives of the credit-reporting agency Equifax sold nearly $2 million worth of company stock within days of a massive data breach potentially affecting 143 million Americans — one that wasn't publicly disclosed until more than a month later.

In a statement, Equifax says the executives "had no knowledge that an intrusion had occurred at the time they sold their shares."

So, what is there for Equifax to investigate?

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Response to gratuitous (Reply #4)

Fri Sep 29, 2017, 03:39 PM

trotsky (49,533 posts)

6. They said they're innocent - what more do you people need to hear?

Geez!

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