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App Annie Settles SEC Fraud Investigation Over Mobile-Data Product

WASHINGTON—An organization that collects and sells mobile-app utilization statistics agreed to pay $10 million to settle a fraud investigation over the way it disclosed its knowledge practices to buying and selling shoppers.

The Securities and Alternate Fee stated Tuesday the enforcement motion was the primary in opposition to a supplier of different knowledge utilized by buyers to make buying and selling selections. Different knowledge describes a spread of knowledge that may assist buyers mannequin the longer term efficiency of an organization, together with client transactions, social-media exercise and web search exercise.

https://www.wsj.com/articles/app-annie-settles-sec-fraud-investigation-over-mobile-data-product-11631654680?mod=rss_markets_main | App Annie Settles SEC Fraud Investigation Over Cellular-Information Product

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