Three Equifax Managers Sold Stock Before Cyber Hack Was Revealed
1–10 of 177 posts
Re: Three Equifax Managers Sold Stock Before Cyber Hack Was Revealed
#2Hello insider trading !
Re: Three Equifax Managers Sold Stock Before Cyber Hack Was Revealed
#3Aren't senior executives legally required to submit their trading plans well in advance of any stock sale? That certainly seemed to be the case at my last employer.
Re: Three Equifax Managers Sold Stock Before Cyber Hack Was Revealed
#4Aren't senior executives legally required to submit their trading plans well in advance of any stock sale? That certainly seemed to be the case at my last employer.
From the article:
> None of the filings lists the transactions as being part of 10b5-1 pre-scheduled trading plans.
Re: Three Equifax Managers Sold Stock Before Cyber Hack Was Revealed
#5FTA: "None of the filings lists the transactions as being part of 10b5-1 pre-scheduled trading plans."
Anyone with more knowledge: How normal is this sort of behaviour?
Re: Three Equifax Managers Sold Stock Before Cyber Hack Was Revealed
#6FTA: " None of the filings lists the transactions as being part of 10b5-1 pre-scheduled trading plans. " Anyone with more knowledge: How normal is this sort of behaviour?
Pretty normal. Their lawyers likely said that as long as they reported in (via Form 3 and Form 4) then it would be complaint enough.
So this was still transparency, and its just fodder for reporters to debate about, because without the Form 3 and Form 4 regulation, you would never know.
Cost benefit analysis.
Re: Three Equifax Managers Sold Stock Before Cyber Hack Was Revealed
#7So, does this count as insider trading? My intuition says 'yes'. But my intuition about a thing and what the law says don't always match.
Re: Three Equifax Managers Sold Stock Before Cyber Hack Was Revealed
#8This is all kinds of unethical.
Re: Three Equifax Managers Sold Stock Before Cyber Hack Was Revealed
#9FTA: " None of the filings lists the transactions as being part of 10b5-1 pre-scheduled trading plans. " Anyone with more knowledge: How normal is this sort of behaviour?
Pretty normal. Their lawyers likely said that as long as they reported in (via Form 3 and Form 4) then it would be complaint enough. So this was still transparency, and its just fodder for reporters to debate about, because without the Form 3 and Form 4 regulation, you would never know. Cost benefit analysis.
So, does this mean just the transparency via regulatory filings is enough to absolve them of any legal liability?
Re: Three Equifax Managers Sold Stock Before Cyber Hack Was Revealed
#10Earlier quoted context omitted.
Pretty normal. Their lawyers likely said that as long as they reported in (via Form 3 and Form 4) then it would be complaint enough. So this was still transparency, and its just fodder for reporters to debate about, because without the Form 3 and Form 4 regulation, you would never know. Cost benefit analysis.
So, does this mean just the transparency via regulatory filings is enough to absolve them of any legal liability?
It means that someone from the SEC should probably be looking into the trades. It would take a court to decide any legal liability, and charges would be the result of such SEC action. Having not reported the transactions in the first place would have likely made the sales less defensible -- good ol' "why were they hiding if they aren't guilty?"