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To: Sr K who wrote (164419)4/6/2022 11:34:14 PM
From: Sr K  Respond to of 164684
 
SEC Is Investigating How Amazon Disclosed Business Practices

Tech giant’s use of third-party sellers’ data is a focus of regulator’s probe, a person familiar with the matter says

Amazon’s Seattle headquarters. The technology giant is under growing scrutiny from federal agencies.PHOTO: JOVELLE TAMAYO FOR THE WALL STREET JOURNAL

By Dana Mattioli

and Dave Michaels

Updated Apr. 6, 2022 6:54 pm ET

Federal securities regulators are investigating how Amazon.com Inc. has disclosed some details of its business practices, including how it uses third-party-seller data for its private-label business, according to people familiar with the matter.

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.

Exc.