US SEC charges App Annie, founder with securities fraud

Wednesday 15 September 2021 | 14:31 CET | News
The US Securities and Exchange Commission announced that App Annie, the market researcher for the mobile app industry, and its co-founder and former CEO and Chairman Bertrand Schmitt, agreed to settle securities fraud charges. They were accused of engaging in deceptive practices and making material misrepresentations about the ways in which App Annie's data was derived. App Annie and Schmitt agreed to pay more than USD 10 million to settle the matter, which is the SEC's first enforcement action charging an alternative data provider with securities fraud.

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Categories: Mobile & Wireless
Companies: App Annie
Countries: World
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