BRIEF-Facebook To Pay $100 Million For Misleading Investors About The Risks It Faced From Misuse Of User Data

U.S. SEC : * FACEBOOK TO PAY $100 MILLION FOR MISLEADING INVESTORS ABOUT THE RISKS IT FACED FROM MISUSE OF USER DATA

* U.S. SEC SAYS ANNOUNCED CHARGES AGAINST FACEBOOK INC FOR MAKING MISLEADING DISCLOSURES REGARDING THE RISK OF MISUSE OF FACEBOOK USER DATA * U.S. SEC SAYS SEC'S COMPLAINT THAT ALLEGES FACEBOOK DISCOVERED MISUSE OF ITS USERS' INFORMATION IN 2015,BUT DID NOT CORRECT ITS EXISTING DISCLOSURE FOR MORE THAN 2 YRS Source text https://www.sec.gov/news/press-release/2019-140 Further company coverage: