Welcome to the law school’s master calendar! Use the “Event Category” filter below to find events by intended audience. (For example, if you are an alum, click on the Event Category button below and select “Alumni” from the drop-down menu; the calendar will then display events open to alumni). Please note that this is a public-facing calendar that contains all events happening on campus, any details that you wish to remain private to the UC Law SF community should not be included in your event submission. Changes to your event submissions may be directed to: firstname.lastname@example.org.
- This event has passed.
SEC Fraud Enforcement in Silicon Valley: The App Annie Case
April 14, 2022 @ 12:00 pm - 1:00 pm
On Sept 21, 2021, App Annie Inc. (now Data.ai), a leading alternative data provider for the mobile app industry, and its co-founder and former CEO and Chairman Bertrand Schmitt, agreed to settle securities fraud charges with the SEC for engaging in deceptive practices and making material misrepresentations about how App Annie’s alternative data was derived (e.g., that the data it sold to more than 100 hedge funds was derived in a way that was consistent with the consents obtained from companies that shared their confidential data). The SEC’s order found that App Annie and Schmitt violated the anti-fraud provisions of Section 10(b) of the Exchange Act and Rule 10b-5 thereunder. Without admitting or denying the findings, App Annie and Schmitt consented to the entry of a cease-and-desist order under which App Annie was ordered to pay a penalty of $10 million, Schmitt was ordered to pay a penalty of $300,000, and Schmitt was prohibited from serving as an officer or director of a public company for three years. This first-of-its-kind enforcement action shows that the SEC is actively looking into practices in the alternative data industry.
Lunch will be provided and will be available on the Skydeck after the event.
Thanks for your interest in this event! Unfortunately, registration has closed.
The UC Law SF Events Calendar offers a comprehensive list of campus events, including co-curricular programming, faculty lectures, colloquia, wellness activities, alumni events, larger departmental meetings, and events sponsored by College departments, faculty, law journals, and registered student orgs. This functions as the College’s master calendar, which includes all events taking place on campus on any particular day. Students, faculty, or staff: Please visit Sharknet for information regarding guidelines and procedures for events. Alumni: please filter events by the category “alumni.”