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> Ying exercised all of his vested Equifax stock options and then sold the shares, reaping proceeds of nearly $1 million. According to the complaint, by selling before public disclosure of the data breach, Ying avoided more than $117,000 in losses

So he has a million dollars, but to avoid losing 10% he risks everything, including jail time?

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He did not know in advance the stock price would only fall ~12%.

In all fairness...

Exactly, the company could have gone bankrupt and he sold before the market knew the massive risk they were carrying. I am glad he has been charged.

Yeah. They probably should have gone bankrupt, and may still go bankrupt if enough people take them to small claims court or a class-action suit is filed (and won). But the news broke and their investors took it surprisingly well — apparently most do not anticipate anything like bankrupcy.

And they are mostly right. People cared and know the next news bite is out and they forget. Fickle creatures.

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