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Stocks - DOJ, SEC to Investigate Equifax Executives' Share Sales

Published 09/18/2017, 12:31 PM
© Reuters.  Stocks - DOJ, SEC to Investigate Equifax Executives' Share Sales
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Investing.com - Equifax Inc (NYSE:EFX)shares were fractionally lower on Monday following a Bloomberg report that the U.S. Justice Department has started a criminal investigation into stock sales by executives after the security breach was known about, but before it was made public.

The probe will look into share sales by chief financial officer, John Gamble; its president of U.S. information solutions, Joseph Loughran; and its president of workforce solutions, Rodolfo Ploder.

The Securities and Exchange Commission is working with the Justice Department to determine whether or not insider trading laws were violated.

Equifax shares were fractionally lower Monday afternoon, but they are down over 35% since the security breach which exposed the information of some 143 million U.S. consumers was revealed.

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