Ex-Equifax Executive Charged With Insider Trading Tied to ’17 Breach
- 6 years ago
Ex-Equifax Executive Charged With Insider Trading Tied to ’17 Breach
Jun Ying, the former chief information officer of Equifax’s core United States consumer reporting division, exercised all of his vested stock options and sold nearly $1 million in shares a little more than a week before Equifax announced
that hackers had broken into its systems, according to the Securities and Exchange Commission.
He texted one of his employees: “We may be the one breached … Starting to put 2 and 2 together.”
Three days later, a Monday, Mr. Ying exercised all of his vested options to buy Equifax shares, and then sold them immediately
Four senior executives, including the consumer credit reporting agency’s chief financial officer, sold shares worth $1.8 million in the days after the company began investigating the breach
and more than a month before the public was told of it.
Jun Ying, the former chief information officer of Equifax’s core United States consumer reporting division, exercised all of his vested stock options and sold nearly $1 million in shares a little more than a week before Equifax announced
that hackers had broken into its systems, according to the Securities and Exchange Commission.
He texted one of his employees: “We may be the one breached … Starting to put 2 and 2 together.”
Three days later, a Monday, Mr. Ying exercised all of his vested options to buy Equifax shares, and then sold them immediately
Four senior executives, including the consumer credit reporting agency’s chief financial officer, sold shares worth $1.8 million in the days after the company began investigating the breach
and more than a month before the public was told of it.