![]() The SEC says that’s a 35-fold return on his investment. ![]() He bought put options (the chance to sell at a specific price) and netted $75,000 after the stock price fell 14%. (Bonthu was told it was being done for “an unnamed potential client” but didn’t take long to figure out it was his employer.). You have to be a special kind of stupid to sell your shares when you’re building the website that’s going to tell people how screwed they are. In a complaint filed in federal court in Atlanta today, the SEC charged that Equifax software engineering manager Sudhakar Reddy Bonthu traded on confidential information he received while creating a website for consumers impacted by a data breach. business unit was charged with insider trading. In March, the former chief information officer of Equifax’s U.S. customers. This is the second case the SEC has filed arising from the Equifax data breach. The Securities and Exchange Commission today charged a former Equifax manager with insider trading in advance of the company’s September 2017 announcement of a massive data breach that exposed Social Security numbers and other personal information of approximately 148 million U.S. Former Equifax manager charged with insider trading ![]() You’ll need to click a confirmation link, so no spam.Ī selection of 10 links for you. You can sign up to receive each day’s Start Up post by email. Could a chatbot really do this job better than a human? Photo by Daniel Bachhuber on Flickr.
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