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Intel CEO's stock sales seen warranting SEC examination
Published in 9-1-2018
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Intel Corp. Chief Executive Officer Brian Krzanich's sale of a chunk of company stock in the fourth quarter of last year has prompted questions about the transaction's timing because it happened after the discovery that modern processors are vulnerable to hackers. Intel says Krzanich's sales were part of a pre-arranged stock plan with an automated schedule, but some securities lawyers say the larger-than-usual transaction will probably be examined by the U.S. Securities & Exchange Commission. "The size of the transaction makes it inevitable that the SEC will take a look at this," said Stephen Crimmins, a former SEC enforcement lawyer who now works for Murphy & McGonigle.