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Former Equifax manager charged with insider trading

Equifax logo in white before data in green.
Photo: Jaap Arriens/NurPhoto via Getty Images

The Securities and Exchange Commission has charged a former software developer, Sudhakar Reddy Bonthu, with insider trading in advance of last year’s massive data breach that exposed 148 million Americans’ personal information.

Timing: The former chief information officer of Equifax’s U.S. Information Solutions, Jun Ying, was charged with insider trading in March.