Former Equifax executive charged with insider trading
Equifax executive Jun Ying allegedly sold $1 million worth of his Equifax shares before it was publically disclosed that the company had information on 148 million Americans stolen.
Jun Yung was chief information officer and exercised all of his vested Equifax stock options and then sold the shares. Yung faces charges from the SEC and criminal charges.
Selling early saved the former executive about $117,000, which seems like a trifling amount to take such a big risk.