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Former Equifax Exec Charged With Insider Trading

Credit: Wochit
Published on March 14, 2018 - Duration: 00:48s

Former Equifax Exec Charged With Insider Trading

A former Equifax employee has been charged with insider trading by the US Securities and Exchange Commission.

Jun Ying was at one point next in line to be the company's global chief information officer.

The Securities and Exchange Commission alleges Ying possessed confidential information about Equifax's massive data breach in September 2017--before he exercised all of his vested Equifax stock options.

He then sold the shares, making roughly $1 million and avoiding more than $117,000 in losses.

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