A former Equifax executive has been charged with insider trading for selling shares ahead of the company's massive data breach

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Equifax trading floorReuters / Brendan McDermid

Jun Ying, a former Equifax employee who was at one point next in line to be the company's global chief investment officer, has been charged with insider trading by the US Securities and Exchange Commission.

The SEC alleges Ying possessed confidential information about Equifax's massive data breach in September 2017 before he exercised all of his vested Equifax stock options and then sold the shares, making roughly $1 million.

This story is developing.
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