Speed Reads
Things that make you go hmmm
Suspicious Equifax stock sales earn Justice Department probe
The Justice Department has opened an investigation into whether or not three Equifax executives who sold $1.8 million in stock just days after a massive cybersecurity breach broke insider-trading laws, Bloomberg reports. "The three executives who sold a small percentage of their Equifax shares on Tuesday, August 1, and Wednesday, August 2, had no knowledge that an intrusion had occurred at the time they sold their shares," an Equifax spokesperson previously said.
"To run afoul of laws that prohibit insider trading, a seller has to be aware of nonpublic information," Bloomberg writes.
Equifax said it discovered the breach July 29, and that hackers may have gained access to company databases in mid-May.