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How to prevent even the appearance of insider trading

In 2017, the public was stunned by the news that multiple Equifax senior executives, including the company’s Chief Financial Officer, had sold thousands of company shares ahead of the company’s disclosure that a massive cybersecurity breach had compromised the personal identifying information of more than 140 million consumers. The executives traded just days after Equifax discovered the breach, earning hundreds of thousands of dollars, while the company’s share price tumbled by almost 35% after the breach was announced weeks later. Although Equifax and a Special Committee of independent directors have concluded that the trades complied with Equifax’s insider trading policy and did not violate insider trading laws, media reports suggest that investigations by the Securities and Exchange Commission and the Department of Justice may be ongoing. Equifax has been pilloried by the news media and the public, which were quick to assume that the executives had engaged in insider trading... To get the full story, subscribe now.