SEC looking at ChoicePoint trades

March 4, 2005, 7:29AM

SEC looking at ChoicePoint trades
Associated Press

ATLANTA — Data collector ChoicePoint Inc. announced the Securities and Exchange Commission is investigating stock sales by its top two executives. The company also said it will also stop selling personal information about consumers to small businesses.

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The dual announcements were made today by the Alpharetta, Ga.-based company in a news statement and a regulatory filing.

The SEC probe involves the fact that the chief executive Derek Smith and president Douglas Curling made a combined $16.6 million in profit from selling company shares in the months after the company learned of fraud involving its massive database and before the breach was made public.

http://www.chron.com/cs/CDA/ssistory.mpl/business/3068235

Diebold?