Former Equifax Executive Charged with Insider Trading
It is good that someone is being charged, but it would be nice if it was someone more senior.<p>They always make the little guy take the fall. Avoiding $117,000 losses on $1 million is nothing compared to what some people get away with.<p>The CEO, meanwhile, walked away with up to $90 million:<p><a href="http://fortune.com/2017/09/26/equifax-ceo-richard-smith-net-worth/" rel="nofollow">http://fortune.com/2017/09/26/equifax-ceo-richard-smith-net-...</a><p>The other executives were “not aware” when they sold their shares:<p>> Equifax, the credit report company hacked over the summer exposing the personal information of 145 million Americans, said a special committee has determined that none of the four executives who sold shares at the time did anything wrong.<p>> The high-level executives sold shares worth a combined $1.8 million in the days immediately after the company discovered the breach.<p>That is a pretty remarkable coincidence if you ask me.<p><a href="https://www.mercurynews.com/2017/11/03/equifax-4-executives-didnt-commit-insider-trading/" rel="nofollow">https://www.mercurynews.com/2017/11/03/equifax-4-executives-...</a><p>--<p>For reference, the CEO of Intel sold $25 million worth of stock after hearing about the Meltdown and Spectre vulnerabilities before they were disclosed to the public, and he will probably be fine.