Equifax Stock Sales Are the Focus of U.S. Criminal Probe
- U.S. attorney in Atlanta said to lead probe alongside SEC
- Managers unaware of breach when they sold stock, company said
Equifax Stock Sales Said to Be Focus of DOJ Probe
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The U.S. Justice Department has opened a criminal investigation into whether top officials at Equifax Inc. violated insider trading laws when they sold stock before the company disclosed that it had been hacked, according to people familiar with the investigation.
U.S. prosecutors in Atlanta, who the people said are looking into the share sales, said in a statement they are examining the breach and theft of people’s personal information in conjunction with the Federal Bureau of Investigation. The Securities and Exchange Commission is working with prosecutors on the investigation into stock sales, according to another person familiar with the matter.