NationalTitles16 said:

Seems they want to make enrollment as much a pain as they can.

Thanks for the info.

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After huge data breach, Equifax not telling all customers if they are affected

According to a report from Bloomberg News, at least three Equifax executives sold the company’s shares in the time between the discovery and the announcement, none of which were part of planned divestments.

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Want to Know If Your SSN Was Included in the Equifax Breach? Good Luck!
"It's not good incident response for them at all, and that's not what transparent behavior looks like at all," Jessy Irwin, an independent cybersecurity researcher told Motherboard. "They need to have a check status page. It's the most hostile decision they could have made, and a very bad overture to potentially affected consumers."

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NationalTitles16 said:

Seems they want to make enrollment as much a pain as they can.

Thanks for the info.

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chanson78 said:

This. Sign up, come back on a special date to see if you were affected. Big douchebag move.

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AGREEMENT TO RESOLVE ALL DISPUTES BY BINDING INDIVIDUAL ARBITRATION. PLEASE READ THIS ENTIRE SECTION CAREFULLY BECAUSE IT AFFECTS YOUR LEGAL RIGHTS BY REQUIRING ARBITRATION OF DISPUTES (EXCEPT AS SET FORTH BELOW) AND A WAIVER OF THE ABILITY TO BRING OR PARTICIPATE IN A CLASS ACTION, CLASS ARBITRATION, OR OTHER REPRESENTATIVE ACTION. ARBITRATION PROVIDES A QUICK AND COST EFFECTIVE MECHANISM FOR RESOLVING DISPUTES, BUT YOU SHOULD BE AWARE THAT IT ALSO LIMITS YOUR RIGHTS TO DISCOVERY AND APPEAL.

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CharminTide said:

Equifax executives sold millions in stock after data breach, before informing public

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92tide said:

when i checked it, it told me mine was ok

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Based on the information provided, we believe that your personal information may have been impacted by this incident.

Click the button below to continue your enrollment in TrustedID Premier.

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CharminTide said:

Equifax executives sold millions in stock after data breach, before informing public

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Tide1986 said:

Jail time awaits.

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A 2006 study from Stanford University looked at more than 3,000 planned insider trades across all industries and found that executives’ stock sales systematically came just before bad news and right on the heels of good, helping them maximize returns and minimize losses.

And if you subtract trades that some executives schedule to be executed at the same time each year, it looks even fishier. A 2012 Harvard University study examined two decades of irregularly timed insider trades. Those transactions beat the market by as much as 25 percent each year, researchers found, suggesting insiders have a serious edge over external investors.

Those two findings are particularly pertinent in biotech, an industry known for its stock volatility, said Alan Jagolinzer, who authored the Stanford study and is now a professor of finance at the University of Colorado. A company can be completely wiped out by a bad clinical trial and boosted fivefold by a good one; the timing of a trade can swing tens of millions of dollars.

So how are executives beating the spread?

One possibility, Jagolinzer said, is by taking advantage of a wrinkle in the law: Holders of 10b5-1 plans are allowed to cancel them at any time and for any reason, and they don’t have to disclose that to the public. (They also aren’t required to disclose the existence of their plans ahead of time.)

Let’s say a biotech CEO learns that, in two days, her company is going to announce clinical results that will surely boost its stock price. She can’t legally buy up a bunch of the company’s shares right then — that would be the bad kind of insider trading — but she can cancel a scheduled 10b5-1 sale to avoid dumping stock just before its price soars.

“That is a strategy that can be technically compliant with the rule,” Jagolinzer said.

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