Securities and Exchange Commission
SEC Charges Comscore Inc. and Former CEO with Accounting and Disclosure Fraud (Securities and Exchange Commission)
Submitted by Robbie McBeath on Tue, 09/24/2019 - 18:52
Facebook to Pay $100 Million for Misleading Investors About the Risks It Faced From Misuse of User Data
The Securities and Exchange Commission charged Facebook for making misleading disclosures regarding the risk of misuse of Facebook user data. For more than two years, Facebook’s public disclosures presented the risk of misuse of user data as merely hypothetical when Facebook knew that a third-party developer had actually misused Facebook user data. Public companies must identify and consider the material risks to their business and have procedures designed to make disclosures that are accurate in all material respects, including not continuing to describe a risk as hypothetical when it ha