Feds Launch Insider Trading Probe Focued On Equifax Execs

You might recall that between the time that Equifax discovered that they got pwned and when it was announced, several execs at Equifax sold shares. Now the party line from Equifax was “nothing to see here” but apparently the US Department Of Justice thinks there is something to see here as they’ve launched an insider trading probe:

Prosecutors are looking at the stock sales by Equifax chief financial officer John Gamble, president of U.S. information solutions Joseph Loughran and president of workforce solutions Rodolfo Ploder, said two people, who asked not to be named because the probe is confidential.

Having watched some of these investigations play out in the past, by the time the feds knock on your door, you’re likely guilty. Sucks to be these execs. Well…. Actually it doesn’t because this company has let the personal info on millions of people out into the wild and if they did try to profit off of this before the news was public, they should be punished to the fullest extent of the law. Period.


One Response to “Feds Launch Insider Trading Probe Focued On Equifax Execs”

  1. […] might remember that the feds, specifically the SEC were looking at execs at Equifax who on the surface dumped shares in the company before it became public that the company was pwned […]

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