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The sale of nearly $2 million in corporate stock by high-level Equifax executives shortly after the company learned of a major data breach has sparked public outrage that could turn into another hurdle for the credit rating agency.
The sales all occurred before the company publicly reported the breach, a disclosure that quickly sent its stock tumbling. The timing of the sales could attract federal scrutiny, legal experts say, though proving insider trading would be difficult. A company spokeswoman said the executives did not know about the breach when they sold their shares.
“It certainly would be exactly the type of trading pattern before a high-profile event that the [Securities and Exchange Commission] would investigate,” said Brandon L. Garrett, a professor at the University of Virginia School of Law. “Even if they do not bring charges it is the type of conduct that a company should not tolerate in its executives. It sends a terrible message to the public and to customers.”
The SEC declined to comment on whether it was investigating the matter.
(Score: 0) by Anonymous Coward on Tuesday September 12 2017, @08:41PM (1 child)
Sorry to tell you this, but it's roughly an order of magnitude smaller. That army of black supporters standing behind you to back you up is quite a bit smaller than you suppose.
Yeah, it sucks when reality comes crashing down upon you. An adult admits when they are wrong and seeks to correct their mistake. A juvenile will posture and bluster, insisting that s/he meant to do that in a desperate attempt to save what little face they have left. A small child will just throw a temper tantrum, rolling and writhing on the ground as they stamp their feet. So far, Trump voters are not showing us a very flattering picture of themselves. The scary thing is they (still) get to vote.
Trump supporters are anti-globalisation just for the sake of being anti-globalization? I always thought that was about saving American jobs.
And "anti-warmist" just for the sake of being anti-warmist? Again, I thought that was about saving their jobs.
OK, I will actually give you the anti-abortion argument, although I wouldn't be surprised if Gorsuch ends up being another Souter-like disappointment. I wonder: if Gorsuch does end up being another Souter, do you suppose that any Trump supporters will then admit they were wrong? Hmmmm.
About the pro-gun thing, if Sandy Hook couldn't do it then I doubt that any gun regulation legislation is ever going to be passed within my lifetime.
Such as...?
Yeah, I'm getting tired of people waving their "pro-military" bona fides around as some sort of penis substitute. And, might I point out that Hillary was no shrinking dove, either as a candidate or when she actually served in government?
(Score: 0) by Anonymous Coward on Tuesday September 12 2017, @09:26PM
http://www.pewresearch.org/fact-tank/2017/05/12/black-voter-turnout-fell-in-2016-even-as-a-record-number-of-americans-cast-ballots/ [pewresearch.org]
The number in question is recorded to 16.4 Million.
If we take the earlier referenced 8% as out starting point, and assume swings possible of 3% in either direction, that gives us 5% and 11% as values to consider. 5% of 16.4 million is 820,000 (which is the ballpark of the population of a medium-large city such as Seattle). However, 11% of 16.4 million is over 1.8. While I'll grant you that it isn't a gargantuan number, and rounds up to two million, it sure as hell isn't an order of magnitude off. Not even a binary order of magnitude. At best the most conservative estimate could be suggested to be an order of magnitude off , especially if it's binary that you mean, but the other side of the estimate is readily cast as, to put it in financier's terms: seven figures.
But ok, sure. I'm sure all the OTHER Trump supporters were KKK members, right? And all those nasty Uncle Toms who voted for him were just beaten by white supremacists until they got Stockholm Syndrome. You can't blame them. It's the evil trumpeters!