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SEC charges second Equifax employee with insider trading

By Joe Williams
Published June 28, 2018 3:03pm ET
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SEC charges second Equifax employee with insider trading
Equifax, based in Atlanta, has named a new technology chief to oversee data-security improvements. | (Mike Stewart/AP)

A former Equifax manager traded on confidential information in the week before the company announced a massive data breach, the Securities and Exchange Commission charged on Thursday.

Software engineering manager Sudhakar Reddy Bonthu purchased Equifax stock while creating a website for the 148 million U.S. customers impacted by the 2017 breach, the SEC said in a federal court filing.

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Cybersecurity Equifax Law SEC Wall Street