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The Equifax Executive Who Oversaw Security Also Approved Last-Minute Stock Sales

The Equifax Executive Who Oversaw Security Also Approved Last-Minute Stock Sales

7 years ago
Anonymous $wKBR2uNMvM

https://consumerist.com/2017/10/02/the-equifax-executive-who-oversaw-security-also-approved-last-minute-stock-sales/

Right before Equifax revealed that it had failed to secure the information of some 143 million Americans, some company executives sold off nearly $2 million in Equifax stock — a move that is currently under investigation. According to a new report, the Equifax executive who approved those stock sales is also the exec in charge of the company’s cybersecurity.

The Wall Street Journal, citing people familiar with the matter, reports that investigations by Equifax’s board and the Securities & Exchange Commission currently focus on Equifax’s top lawyer, John Kelley.