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Equifax CIO Put ‘2 and 2 Together’ Then Sold Stock, SEC Says

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Re: Equifax CIO Put ‘2 and 2 Together’ Then Sold Stock, SEC Says

#6

Appalling. One would have thought that a C-level officer in a listed company would know enough about insider trading as to not do it...

What's mind-boggling to me about this is to take such a risk over such a paltry (for a C-level) amount of money.

Re: Equifax CIO Put ‘2 and 2 Together’ Then Sold Stock, SEC Says

#9
> Ying was invited to a mandatory conference call. While he didn’t initially join the call, one of his direct reports did, the SEC said.

He was trying to sell his stock and didn't wait an official trail of him knowing about it. It would be hard to deny knowing about it once he joined the conference call. Did I read that right? Because that's what it sounds like to me.

> “VERY large breach opportunity”

"opportunity" what does that even mean? Were they celebrating and planning on monetizing it? That kind of makes sense I guess. Since they get to charge people to freeze their credit, their stock has recovered and executive retired happily to Bahamas or wherever. It was an opportunity after all!

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