The question then is, who is the information broker?
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Businesses evaluating how to get in on the Big Data boom need to decide which of three possible roles they want to play: information provider, information broker, or creator of networks through which all that Big Data-driven content and context will flow.
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One way is to require that entities that deny benefits to consumers based upon information obtained from information brokers provide notice to the affected consumer, similar to an adverse action notice under the FCRA. This would allow the consumer to contact the information broker and access and potentially correct the data upon which the denial was based.
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One could imagine future sites of this ilk attempting to use photo recognition technology and data broker information to identify people in explicit sex videos and publish their home addresses and phone numbers, or publishing data about people coming and going from public places such as gay bars, cancer wards or abortion clinics.
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After getting consumers actively involved in monitoring and grooming their profiles meaning better and more accurate information than more passive profiling companies offer it plans to monetize the process, and allow those with accounts to make money when a data broker buys their information.
Allowing him to trade on the information assuming he can beat the sales manager to his broker merely adds valuable pricing information to the market.
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Manhattan prosecutors said Thursday that the Collottas provided material nonpublic information about upcoming deals involving Morgan Stanley clients to Marc Jurman, a Florida-based broker, who traded on the information.
Fortunately, if you bought all your holdings in recent years through an online broker like E-Trade, this information is already instantly available to you online.
He is concerned that poor decisions on regulation will flow from the lack of correct information and noted that both the exchanges and the broker-dealer community have been quiet on the issues.
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Online investors are generally protected by federal and state laws requiring broker-dealers to safeguard financial assets and information.
Rowe Price and American Funds, as well as broker-dealers and others, to provide more information about the direct and indirect fees they collect from 401(k) accounts.
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The FSA claimed Einhorn obtained information on the Punch Taverns Plc (PUB) equity fundraising by a broker representing the company prior to public knowledge of the event.
When pensions turn to brokers for information about brokerage practices, they get different answers, depending upon how the broker makes his money.
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He passed that information on to an acquaintance of his, Kenneth Robinson, who was a mortgage broker in Long Island.
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The committee disclosed more information last week, deepening suspicions that Bacanovic, who was also Waksal's broker, had advance knowledge of the FDA rejection.
Some broker dealers try to make the transition easier by putting all the forms and information online.
One data broker told Congress his company relied on public databases or Internet searches to get personal information.
The broker-dealers are required to maintain transaction records for each large trader and report that information to the SEC upon request.
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Since this is often the sole repository for disclosures about private companies, including broker dealers that do not have public holding companies, investors are being deprived of timely and critical information.
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