Following the SEC's ruling on App Annie, we felt it pertinent to speak directly with the SEC in order to further understand the importance of compliance around alternative data and how to best prepare for SEC examinations.
On June 17th, 2021, Senator Kirsten Gillibrand introduced an updated Data Protection Act, while on July 29th, Senators Roger Wicker and Marsha Blackburn reintroduced the Setting an American Framework to Ensure Data Access, Transparency, and Accountability (SAFE DATA) Act.
The settlement stems from alleged misrepresentations that App Annie made in how they handle data from app owners. This app data was from public companies in some instances and so could potentially be considered material non-public information (MNPI).
Eagle Alpha rounds up some of the most relevant legal and compliance articles surrounding the alternative data space over the past month.
In this month’s legal & compliance workshop, Lowenstein Sandler joined us to speak about this quarter’s most pertinent topic in the alternative data industry surrounding mobile app data provider, App Annie, and the SEC’s decision to charge them with securities fraud.
China’s Personal Information Protection Law (PIPL) was finalized on the 20th of August 2021 and will come into effect on the 1st of November 2021.
On 14th September 2021, the Securities and Exchange Commission (SEC) brought a securities fraud ruling against leading mobile app data provider App Annie and its co-founder and former CEO and Chairman Bertrand Schmitt.
This regional session took a look at recent compliance news and developments affecting data privacy and alternative data in Latin America, with a particular focus on Brazil. The session focused on two key topic topics relating to the acquisition of data in Brazil: Insider trading & Data privacy.
Eagle Alpha rounds up some of the most relevant legal and compliance articles surrounding the alternative data space over the past month.
On the 9th July 2021, an executive order titled “Promoting Competition in the American Economy” was signed by President Joe Biden, aimed at increasing competition through the issuance of agency rules and enforcement, with a particular focus on data privacy.
In a report recently published by Oxylabs.io titled “The Growing Importance of Alternative Data in the Financial Services Industry”, high-ranking financial services leaders who responded to the study indicated a huge rise in web scraping activities over the past twelve months.
