Equifax Executives Cleared by Board Over Post-Breach Sales
- Board finds none of the executives engaged in insider trading
- Legal division imposed a trading moratorium on Aug. 15
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Four Equifax Inc. executives who sold stock in the days after the company discovered a security breach had no knowledge of the incident when they made the trades, the company said.
A special committee of the firm’s board that investigated the sales also determined the executives obtained appropriate clearance from Equifax’s legal department and that the transactions complied with company policy, Atlanta-based Equifax said Friday in a statement.