Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. CNNMoney's Paul La Monica contributed to this report "The fact that it had a data breach of this magnitude is really quite significant and a great concern for the future of the business," said Chaffee. Equifax told CNNMoney that the sales were just a "small percentage" of what these executives own and that they all "had no knowledge that an intrusion had occurred" when they made the sales.īut Equifax ( EFX) shares plunged 14% on Friday, so these executives did in fact benefit from the fact that the information was not public at the time of their trades. And Rodolfo Ploder, president of workforce solutions, sold stock for just more than $250,000 on August 2. information solutions, sold shares worth about $685,000 on August 1 as well. Joseph Loughran, Equifax's president for U.S. Equifax Chief Financial Officer John Gamble sold shares of the company's stock worth nearly $950,000 on August 1. One salient fact that the company has revealed: Three of its top executives sold large blocks of stock days after the company discovered the breach. Related: Equifax executives sold stock before hack was disclosed "The stock price for the last five weeks did not accurately reflect the facts that we now know. The company will almost certainly face lawsuits from both consumers who had their records stolen and Equifax investors, according to Chaffee. The SEC would not say Friday whether it was looking at Equifax's disclosure in this case, and Equifax did not respond to requests for comment on why it took so long to make the information public. Attorney's office for the Southern District of New York. Federal Trade Commission, a number of state attorneys general, and the U.S. After its own massive data breach was disclosed last year, Yahoo said that it was under investigation for how it handled the hack by the SEC, the U.S. The SEC issued guidelines in October 2011 to companies as to when they have to disclose a breach.
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