{"id":2143,"date":"2018-03-14T17:23:15","date_gmt":"2018-03-14T22:23:15","guid":{"rendered":"https:\/\/www.institutionalinvestorsecuritiesblog.com\/?p=2143"},"modified":"2022-03-22T15:57:26","modified_gmt":"2022-03-22T20:57:26","slug":"ex-equifax-trader-accused-insider-trading-data-breach-news-disclosed-public","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/ex-equifax-trader-accused-insider-trading-data-breach-news-disclosed-public\/","title":{"rendered":"Ex-Equifax Trader is Accused of Insider Trading Before Data Breach News Was Disclosed to the Public"},"content":{"rendered":"

\t\t\t\tThe US Securities and Exchange Commission has filed insider trading<\/a> charges against Jun Ying, the ex-chief information officer of an Equifax US business unit. The regulator contends that Ying engaged in insider trading in 2007 before the consumer credit reporting agency announced that there had been a major data breach exposing personal information of approximately 148 million customers in the US. Among the information that was disclosed were social security numbers, names, addresses, and birth dates.<\/p>\n

The Commission\u2019s complaint accuses Yin of using confidential information to determine that Equifax had experienced a major breach. The SEC said that before the company disclosed the information breach, Ying exercised all the Equifax stock options he had vested and made almost $1M when he sold the shares. The regulator claims that Ying was able to avoid losing over $117K by selling the shares when he did.<\/p>\n

Now, the SEC, which has filed charges against Ying accusing him of violating federal securities laws\u2019 antifraud provisions, is pursuing ill-gotten gains, interest, injunctive relief, and penalties against him. Ying resigned from Equifax after the company found out about his trades and reportedly made plans to let him go. US prosecutors have filed a parallel criminal case against Ying.<\/p>\n

Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The US Securities and Exchange Commission has filed insider trading charges against Jun Ying, the ex-chief information officer of an Equifax US business unit. The regulator contends that Ying engaged in insider trading in 2007 before the consumer credit reporting agency announced that there had been a major data breach exposing personal information of approximately […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[4084,1],"tags":[2997,2859],"class_list":["post-2143","post","type-post","status-publish","format-standard","hentry","category-equifax","category-uncategorized","tag-data-breach","tag-insider-trading"],"yoast_head":"\nEx-Equifax Trader is Accused of Insider Trading Before Data Breach News Was Disclosed to the Public | SSEK Law Firm Blog<\/title>\n<meta name=\"description\" content=\"The US Securities and Exchange Commission has filed insider trading charges against Jun Ying, the ex-chief information officer of an Equifax US business unit. Ying engaged in insider trading in 2007 before the consumer credit reporting agency announced that there had been a major data breach. Read more.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/ex-equifax-trader-accused-insider-trading-data-breach-news-disclosed-public\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Ex-Equifax Trader is Accused of Insider Trading Before Data Breach News Was Disclosed to the Public | SSEK Law Firm Blog\" \/>\n<meta name=\"twitter:description\" content=\"The US Securities and Exchange Commission has filed insider trading charges against Jun Ying, the ex-chief information officer of an Equifax US business unit. Ying engaged in insider trading in 2007 before the consumer credit reporting agency announced that there had been a major data breach. Read more.\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards & Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Ex-Equifax Trader is Accused of Insider Trading Before Data Breach News Was Disclosed to the Public | SSEK Law Firm Blog","description":"The US Securities and Exchange Commission has filed insider trading charges against Jun Ying, the ex-chief information officer of an Equifax US business unit. Ying engaged in insider trading in 2007 before the consumer credit reporting agency announced that there had been a major data breach. Read more.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.investorlawyers.com\/blog\/ex-equifax-trader-accused-insider-trading-data-breach-news-disclosed-public\/","twitter_card":"summary_large_image","twitter_title":"Ex-Equifax Trader is Accused of Insider Trading Before Data Breach News Was Disclosed to the Public | SSEK Law Firm Blog","twitter_description":"The US Securities and Exchange Commission has filed insider trading charges against Jun Ying, the ex-chief information officer of an Equifax US business unit. Ying engaged in insider trading in 2007 before the consumer credit reporting agency announced that there had been a major data breach. Read more.","twitter_misc":{"Written by":"Shepherd Smith Edwards & Kantas, LLP","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/ex-equifax-trader-accused-insider-trading-data-breach-news-disclosed-public\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/ex-equifax-trader-accused-insider-trading-data-breach-news-disclosed-public\/"},"author":{"name":"Shepherd Smith Edwards & Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"Ex-Equifax Trader is Accused of Insider Trading Before Data Breach News Was Disclosed to the Public","datePublished":"2018-03-14T22:23:15+00:00","dateModified":"2022-03-22T20:57:26+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/ex-equifax-trader-accused-insider-trading-data-breach-news-disclosed-public\/"},"wordCount":701,"keywords":["data breach","Insider Trading"],"articleSection":["Equifax"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/ex-equifax-trader-accused-insider-trading-data-breach-news-disclosed-public\/","url":"https:\/\/www.investorlawyers.com\/blog\/ex-equifax-trader-accused-insider-trading-data-breach-news-disclosed-public\/","name":"Ex-Equifax Trader is Accused of Insider Trading Before Data Breach News Was Disclosed to the Public | SSEK Law Firm Blog","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#website"},"datePublished":"2018-03-14T22:23:15+00:00","dateModified":"2022-03-22T20:57:26+00:00","author":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"description":"The US Securities and Exchange Commission has filed insider trading charges against Jun Ying, the ex-chief information officer of an Equifax US business unit. Ying engaged in insider trading in 2007 before the consumer credit reporting agency announced that there had been a major data breach. Read more.","breadcrumb":{"@id":"https:\/\/www.investorlawyers.com\/blog\/ex-equifax-trader-accused-insider-trading-data-breach-news-disclosed-public\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.investorlawyers.com\/blog\/ex-equifax-trader-accused-insider-trading-data-breach-news-disclosed-public\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.investorlawyers.com\/blog\/ex-equifax-trader-accused-insider-trading-data-breach-news-disclosed-public\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.investorlawyers.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Ex-Equifax Trader is Accused of Insider Trading Before Data Breach News Was Disclosed to the Public"}]},{"@type":"WebSite","@id":"https:\/\/www.investorlawyers.com\/blog\/#website","url":"https:\/\/www.investorlawyers.com\/blog\/","name":"Investor Lawyers Blog","description":"Published By Investment Fraud Attorneys \u2014 Shepherd Smith Edwards & Kantas, LLP","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.investorlawyers.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431","name":"Shepherd Smith Edwards & Kantas, LLP","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/c7f8f04990816cd4044977eb59908da8c8d1ae487cc919cebd7027b74a0740a3?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/c7f8f04990816cd4044977eb59908da8c8d1ae487cc919cebd7027b74a0740a3?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/c7f8f04990816cd4044977eb59908da8c8d1ae487cc919cebd7027b74a0740a3?s=96&d=mm&r=g","caption":"Shepherd Smith Edwards & Kantas, LLP"},"sameAs":["https:\/\/www.investorlawyers.com\/"]}]}},"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/pedX9K-yz","_links":{"self":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/2143","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/comments?post=2143"}],"version-history":[{"count":1,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/2143\/revisions"}],"predecessor-version":[{"id":25300,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/2143\/revisions\/25300"}],"wp:attachment":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/media?parent=2143"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/categories?post=2143"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/tags?post=2143"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}