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.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.The CEO, meanwhile, walked away with up to $90 million:http://fortune.com/2017/09/26/equifax-ceo-richard-smith-net-...The other executives were “not aware” when they sold their shares:> 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.> The high-level executives sold shares worth a combined $1.8 million in the days immediately after the company discovered the breach.That is a pretty remarkable coincidence if you ask me.https://www.mercurynews.com/2017/11/03/equifax-4-executives-...--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.