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Equifax's Q2 earning report came out after hours on Wednesday, July 26:

https://investor.equifax.com/news-and-events/news/2017/06-28...

with an investor conference call on the morning of Thursday, July 27.

Any public company I've worked at has had a trading window that opened a day or two after an earnings report came out, with most people who want to trade trading early in that window. Admittedly I've never been an executive and I don't know how the rules differ for execs, but the dates when these trades took place are when I would expect Equifax employees to execute options and sell stock.

It also strikes me as possible that information about a security breach discovered on the weekend might not make its way up the company hierarchy for a few days, and that execs might not have been aware of it when they traded.

I do think this should be investigated by the SEC, but I'm a little disappointed at the rush-to-judgement in this thread.




Right. I also seem to recall the internet hive mind researching this when the story broke, and those same executives had been selling for months on a particular schedule and these trades were right in line with that schedule, and they still held significant stock in the company. Can't seem to find ATM though...


In many companies, if they don't have a CTO, the IT division reports to the CFO. Is that the case here? If so, hard to believe he didn't know about the breach very soon after discovery.


They had a CISO as well as a CIO. Both have been fired/resigned now, though.


CSO, not CISO.




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