App Annie fined $10m by the SEC for deceptive practices around how it presented data

The US Securities and Exchange Commission has fined mobile data analytics biz App Annie $10m for engaging in deceptive practices and making material misrepresentations about how its alternative data was derived. The vendor has agreed to settle the case "without admitting or denying the findings in the SEC's order," according …

[Mister Dubious]

Gimme the difference!

Headline: "App Annie fined £10m [...]"

Body: "[...] has fined [...] App Annie $10m [...]"

Please send me the (£-$)10m right away, before (£-$) turns negative!

[Andy Non]

Re: Gimme the difference!

Too late, its now worth 10 m Zimbabwean dollars. Which is probably about 10p.

[Potemkine!]

App Annie was not fined, it's an agreement with the SEC. To be fined the company should have been guilty, but The vendor has agreed to settle the case "without admitting or denying the findings in the SEC's order". There's no guilt then.

With enough money you can avoid a lot of hurdles.

[Aristotles slow and dimwitted horse]

But in reality, and standard legal bluster notwithstanding, the fact they have paid up means they are effectively guilty as charged.

[Falmari]

Not the same as found guilty

@Aristotles slow and dimwitted horse "effectively guilty as charged."

While that is true, effectively guilty is not the same as found guilty.

When it comes to breaking the law it should not be possible to settle a case without admitting guilt, being found guilty and the verdict recorded.

The general public can't agree to settle can they? When was the last time someone was charged with something like say, car theft agreed to settle for a lesser punishment, say a year in jail, without admitting guilt and not being found guilty.

[Anonymous Coward]

Re: Not the same as found guilty

in the states i believe they call that a plea deal, when you plea guilty for a lesser crime to avoid the cost and time of court