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SEC charges former Equifax CIO over insider trading

( March 14, 2018, 14:31 GMT | Official Statement) -- MLex Summary: The US Securities and Exchange Commission charged a former chief information officer of an Equifax US business unit with insider trading, in advance of the company’s September 2017 announcement of a data breach. Jun Ying, who was next in line to be the company’s global CIO, allegedly used confidential data entrusted to him to conclude that Equifax had suffered a serious breach. The SEC alleges that before Equifax's public disclosure, Ying exercised his vested stock options and then sold the shares, reaping proceeds of nearly $1 million and avoiding $117,000 in losses.See statement below....

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