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Stock impact report

US senator on Equifax hack: 'Somebody needs to go to jail' [CNBC]

Equifax, Inc. (EFX) 
Last equifax, inc. earnings: 4/20 05:24 pm Check Earnings Report
US:NYSE Investor Relations: investor.equifax.com
Company Research Source: CNBC
Riccardo Savi | Concordia Summit | Getty Images North Dakota Senator Heidi Heitkamp Thirty-six U.S. senators on Tuesday called on federal authorities to investigate the sale of nearly $2 million in shares of credit bureau Equifax by company executives after a massive data breach, and one compared their actions to insider trading. The lawmakers signed a letter asking the U.S. Department of Justice, the Securities and Exchange Commission and the Federal Trade Commission to look into about $1.8 million in stock sales by three executives between July 29 — the day Equifax said it learned that its systems were hacked in mid-May — and when they made it public last week. If that happened, somebody needs to go to jail, Senator Heidi Heitkamp , a Democrat on the Senate Banking Committee, said at a credit union industry conference in Washington. It's a problem when people can act with impunity with no consequences. How is that not insider trading? Show less Read more
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