Hearing of the Senate Banking Committee - Sen. John Kennedy (R-La.) Presses SEC Chairman Jay Clayton About Probe of Possible Equifax Insider Trading
Hearing
Issues: Business and Consumers
U.S. Sen. John Kennedy (R-La.) secured assurances from Securities and Exchange Commission (SEC) Chairman Jay Clayton today that possible insider trading at Equifax will not be ignored. Sen. Kennedy earlier called for a federal investigation after it became known that Equifax executives sold stock before publicly announcing the breach.
"There is more than just a data breach involved in the Equifax situation. This affects the sanctity of our equity markets and our economy," Sen. Kennedy told Clayton during a hearing on Capitol Hill. "I'm glad to hear you're investigating."
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