Action against Defendant, a former employee of a consumer credit reporting agency, for alleged insider trading.  According to the SEC, Defendant obtained material nonpublic information from his employer regarding a data breach purportedly affecting a client and deduced that the agency itself was the victim of the breach.  The SEC alleges that Defendant then traded against the agency by purchasing option put contracts in the agency’s common stock and selling them after the breach was publicly announced.

SEC Press Release 

SEC Complaint