‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInFacebook to Pay $100 Million for Misleading Investors About the Risks It Faced From Misuse of User Data
Facebook has agreed to pay $100 million to settle the charges. According to the SEC’s complaint, in 2014 and 2015, the now-defunct advertising and data analytics company, Cambridge Analytica, paid an academic researcher, through a company he controlled, to collect and transfer data from Facebook to create personality scores for approximately 30 million Americans. In […]