Topic
Alternative Data
20 published works
Credit Chronometer
How Companies Can Manage the Risks in Handling Alternative Credit Data
In a recent Reuters article, Joseph Cioffi and Nicole Serratore discuss the legal risks and share practical tips to safely get the most out of alternative data and AI when…
The CLS Blue Sky Blog
Davis Polk Discusses SEC Enforcement Action Against Alternative Data Provider
By Robert A. Cohen, Joseph A. Hall, Margaret E. Tahyar, Matthew J. Bacal, Matthew A. Kelly
An enforcement action against an alternative data provider for misrepresenting its practices offers lessons both for trading firms that use alternative data and public companies that sell it. On September…
Privacy & Information Security Law Blog
SEC Settles with Alternative Data Provider for $10 Million
On September 14, 2021, the Securities and Exchange Commission announced that analytics firm, App Annie Inc., and its co-founder and former CEO, agreed to pay approximately $10 million to settle…
Regulatory Oversight
App Annie Settlement Signals Increased Scrutiny for Data Brokers by SEC
By Daniel Waltz, Stephen C. Piepgrass
Data brokers beware, the Securities Exchange Commission (SEC) has signaled increased scrutiny into the data and privacy practices of technology-enabled companies in the financial services industry. On September 14, the…
Corporate Defense and Disputes
SEC Brings First Enforcement Action Against Alternative Data Provider
By Samuel J. Waldon, Robert Leonard, Jeffrey Neuburger
The Securities and Exchange Commission (“SEC”) filed a settled securities fraud action against App Annie Inc., one of the largest sellers of market data on how apps on mobile devices…
New Media and Technology Law Blog
SEC Brings First Enforcement Action Against Alternative Data Provider
By Robert Leonard, Jeffrey Neuburger, Joshua M. Newville, Samuel J. Waldon
On September 14, 2021, the Securities and Exchange Commission (“SEC”) filed a settled securities fraud action against App Annie Inc., one of the largest sellers of market data on how apps…
Tracers Blog
What is Alternative Data?
By Tracers
There’s a billion sources of data out there and many databases that aggregate that data to help people in a variety of industries perform the research they need to get…
Consumer Finance Monitor
CFPB issues new no-action letter to Upstart
The CFPB recently issued a new no-action letter (NAL) to Upstart Network, Inc. regarding its automated model for making underwriting and pricing decisions on applications by consumers for unsecured, closed-end…
Global Fintech & Digital Assets Blog
Regulator Raises Concerns Over Alternative Data
The FCA is considering whether alternative data could introduce new risks to market integrity. By Rob Moulton, Fiona Maclean, Stuart Davis, and Charlotte Collins The FCA’s recently published Insight article…
New Media and Technology Law Blog
In Outlining Its 2020 Examination Priorities, SEC Expresses Interest in Alternative Data and Cybersecurity Risks
On January 7, 2019, the Securities and Exchange Commission’s Office of Compliance Inspections and Examinations (OCIE) announced its 2020 examination priorities. In doing so, OCIE identified certain areas of technology-related…