Skip to main content

Amazon says it’s not mining it’s third-party sellers’ data so as to better undercut them and put them out of business. Says it held a full internal inquiry into the whole matter, which proved much ado about nothing, whatever those muckrakers at The Wall Street Journal maliciously suggest. Absolutely nothing to see here, especially not the results of that internal investigation. Move on.

Well, Gary Gensler’s not exactly one to just move on at the good word and reassurances of big tech, or big anything, for that matter. So, actually, Mr. Bezos, the Securities and Exchange Commission chairman and his possibly soon-to-be-augmented fellows think they might just have a closer look. You know, just to be sure.

The Securities and Exchange Commission is probing how the technology giant—the largest U.S. e-commerce retailer and cloud-computing company—handled disclosures of its employees’ use of data from sellers on its e-commerce platform, the people said. The SEC’s enforcement division has asked for emails and communications from several senior Amazon executives, according to one of the people…. The SEC’s probe has been under way for more than a year, one of the people familiar with the matter said.

SEC Is Investigating How Amazon Disclosed Business Practices [WSJ]
Pelosi Adviser Is Among Biden’s Nominees for SEC Commissioner Slots [Bloomberg]

For more of the latest in litigation, regulation, deals and financial services trends, sign up for Finance Docket, a partnership between Breaking Media publications Above the Law and Dealbreaker.



Oh, Is Disclosing The Source Of Half Our Revenue On A Page Called ‘How We Make Money’ A Big Deal?

Because Robinhood’s gotta plead ignorance (and probably a $10 million-plus settlement) on this one.


Awwww Hell Yeah It’s On

Can Gary Gensler and Preet Bharara run the SEC together?

By William Murphy (Flickr: American Apparel) [CC BY-SA 2.0], via Wikimedia Commons

Amazon Should Buy American Apparel Because Trump

Bezos could even make Dov Charney his emissary to the Trump White House.

By Heisenberg Media (Flickr: Elon Musk - The Summit 2013) [CC BY 2.0], via Wikimedia Commons

SEC Going Back For Umpteenth Round With Elon Musk

Seems combustible solar panels sold by public companies are the kind of thing the regulator wants to look into.

Bezos SpaceBall

They’ve Got You Mapped From A To Z: Amazon’s Acquisition Sets Off Antitrust Radars

I've heard of wanting to be a fly on the wall, but a Roomba on the floor?

(Getty Images)

Serial Bummer Jay Clayton Takes The Fun Out Of Coronavirus Bailouts

The first rule of bailout money is: Talk a lot about what you’re doing with your bailout money.


Gary Gensler Hires Gary Gensler For Job Gary Gensler’s Been Waiting Seven Years For

Looking for comment letters on undoing everything Jay Clayton did over the last four.