U.S. senator on Tuesday called for a criminal investigation of executives from credit bureau Equifax for stock sales after a massive data breach this summer, and said their actions were comparable to insider trading.
Senator Heidi Heitkamp, a Democrat who sits on the Senate Banking Committee, said it was “disturbing” that it appeared executives sold nearly $2 million worth of company stock in the time between learning of a sweeping hacker intrusion and making it public.
“If that happened, somebody needs to go to jail,” Heitkamp said at a credit union industry conference in Washington. “It’s a problem when people can act with impunity with no consequences. How is that not insider trading?”