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  Business   Companies  13 Jul 2018  Facebook under SEC scanner over disclosure of scandal

Facebook under SEC scanner over disclosure of scandal

ANI
Published : Jul 13, 2018, 3:57 pm IST
Updated : Jul 13, 2018, 3:57 pm IST

The probe adds to the ongoing investigations from a number of other such agencies.

Months after the revelation of the mega data scandal, the Securities and Exchange Commission (SEC) is investigating how Facebook disclosed the fiasco. (Photo: AP)
 Months after the revelation of the mega data scandal, the Securities and Exchange Commission (SEC) is investigating how Facebook disclosed the fiasco. (Photo: AP)

California: Months after the revelation of the mega data scandal, the Securities and Exchange Commission (SEC) is investigating how Facebook disclosed the fiasco.

SEC is said to be looking into whether Facebook should have informed users and shareholders about the scandal when it first learned about it in 2015, Engadget reported.

 

The probe adds to the ongoing investigations from a number of other such agencies which are looking into how data firm Cambridge Analytica wrongfully accessed user information for biased election campaigning.

Tags: securities and exchange commission, facebook, cambridge analytica
Location: United States, California