Re:Former Equifax Manager Charged with Insider Trading
by saas_co_de on Friday June 29, 2018 @06:55AM
(#17423740)
More BS law enforcement theater from the SEC.
> Bonthu sold the put options and netted more than $75,000
WOW. 75K. Big fish there.
> According to the complaint, Bonthu was told the work was being done for an unnamed potential client, but based on information he received, he concluded that Equifax itself was the victim of the breach.
And the guy wasn't actually trading any insider info. He had info available to the general public and was smart enough to figure out the trade. Just like anyone else on wall street.
> Bonthu sold the put options and netted more than $75,000
WOW. 75K. Big fish there.
> According to the complaint, Bonthu was told the work was being done for an unnamed potential client, but based on information he received, he concluded that Equifax itself was the victim of the breach.
And the guy wasn't actually trading any insider info. He had info available to the general public and was smart enough to figure out the trade. Just like anyone else on wall street.