← Back to All Videos

Lynette Zang Reports On Insider Trading And The CFBC, Wells Fargo And Equifax

Blog Sep 20, 2017

9-20-17 IT CFPB Lies about Wells Fargo and Equifax Hides Data Breach, by Lynette Zang

 

Insiders have stepped up selling this week with the average spiking up to $46.42 of selling for every $1 of buying.

Consumer Financial Protection Bureau (CFPB) Director Richard Cordray allegedly misled Congress about the agency’s investigation into the Wells Fargo scandal according to a new report by the House Financial Services Committee.

Last week Equifax disclosed a data breach compromising 143,000, nearly half the countries SS numbers as well as other sensitive, private information. This week we found out that their data base was hacked via the same flaw last March. They had the fix since then and knew their system was vulnerable, why didn’t they correct the issue?

In addition, someone bought a lot of puts (the right to sell at a fixed price within a set time frame) on August 21st, just before the announcement. Put simply, they made a lot of money on that trade. Was that an insider?

How is the consumer protected? We’ll look at the facts and you can draw your own conclusions.

Slides And Supportive Links Regarding Insider Trading And The CFBC ,Wells Fargo and Equifax:

Insider Trading And The CFBC

Slide 1

http://www.wsj.com/mdc/public/page/2_3024-insider1.html

Insider Trading And The CFBC

Slide 2

https://www.americanbanker.com/news/cfpbs-richard-cordray-lied-botched-wells-fargo-investigation-gop-report

https://financialservices.house.gov/uploadedfiles/wf_report.pdf

Insider Trading And The CFBC

Slide 3

http://stockcharts.com/h-sc/ui

http://www.nasdaq.com/symbol/tru/insider-trades

Insider Trading And The CFBC

Slide 4

http://www.businessinsider.com/how-equifax-compares-to-biggest-hacks-of-all-time-chart-2017-9

Insider Trading And The CFBC

Slide 5

https://www.bloomberg.com/news/articles/2017-09-18/equifax-is-said-to-suffer-a-hack-earlier-than-the-date-disclosed

Insider Trading And The CFBC

Slide 6

https://arstechnica.com/information-technology/2017/09/massive-equifax-breach-caused-by-failure-to-patch-two-month-old-bug/

Insider Trading And The CFBC

Slide 7

http://www.businessinsider.com/equifax-executives-sold-shares-after-the-company-learned-of-a-massive-hack-2017-9

http://www.marketwatch.com/story/equifax-executives-sold-stock-after-data-breach-before-informing-public-2017-09-07

Insider Trading And The CFBC

Slide 8

https://www.cnbc.com/2017/09/08/suspect-trading-in-equifax-options-before-breach-might-have-generated-millions-in-profit.html

Insider Trading And The CFBC

Slide 9

http://www.businessinsider.com/equifax-stock-price-options-traders-on-further-decline-after-security-breach-2017-9

https://seekingalpha.com/news/3294441-suspect-trading-equifax-options-seen

Insider Trading And The CFBC

Slide 10

http://www.latimes.com/business/hiltzik/la-fi-hiltzik-equifax-arbitration-20170911-story.html

Insider Trading And The CFBC

Slide 11

https://www.bryancave.com/en/thought-leadership/data-breach-notification-laws-a-how-to-guide.html

https://www.bakerlaw.com/files/Uploads/Documents/Data%20Breach%20documents/Data_Breach_Charts.pdf

http://www.dwt.com/statedatabreachstatutes/

https://sites.ewu.edu/xfan/cybersecurity-and-personal-information-held-by-public-companies/

Insider Trading And The CFBC

Slide 12

https://www.usatoday.com/story/money/2017/09/11/equifax-hit-least-23-class-action-lawsuits-over-massive-cyberbreach/653909001/

Insider Trading And The CFBC

Slide 13

https://www.ssa.gov/ssnumber/

https://www.consumerreports.org/data-theft/could-changing-your-social-security-number-spare-you-from-equifax-related-fraud/

Insider Trading And The CFBC

Slide 14

http://www.marketwatch.com/story/social-security-numbers-are-80-years-old-heres-how-america-could-replace-them-2017-09-15

 

Thumbnail Photo We believe that everyone deserves a properly developed strategy for financial safety.

Lynette Zang

Chief Market Analyst, ITM Trading

Sources & References In This Article

    Similar Posts

    Blog Jan 9, 2020

    REAL OR FAKE GOLD, BIG VS SMALL BANK DEPOSITS… Q&A with Lynette Zang and Eric Griffin

    Learn More
    Blog Nov 28, 2018

    ENTERING THE MINEFIELD: Is Your Armor Ready? By Lynette Zang

    Learn More
    Blog Nov 27, 2018

    RECESSION to RESET: What Happens Next? Q&A with Lynette Zang and Eric Griffin

    Learn More
    Blog Nov 21, 2018

    A GLOBAL THREAT US & China Clash of the Titans

    Learn More
    Blog Nov 20, 2018

    PRECIOUS METALS STRATEGY: Get the MOST from Gold & Silver. Q&A with Lynette Zang and Eric Griffin

    Learn More
    Blog Nov 16, 2018

    IS THIS IT? Corporate Buybacks vs ETFs By Lynette Zang

    Learn More
    Blog Nov 14, 2018

    ETF-YOU: Will You Get Screwed? By Lynette Zang

    Learn More
    Blog Nov 13, 2018

    THE FUTURE OF GOLD: As Economic Patterns Shift. Q&A with Lynette Zang and Eric Griffin

    Learn More

    Not Sure What Works for You?

    Our team has over a century of combined experience in guiding our customers to the best products is for their wealth protection and preservation goals. Call us today.

    888-696-4653
    or schedule a call

    Schedule A Strategy Session

    Get Your Free Protection Guide

    Stay Informed

    Receive the latest updates regarding the economy.