By doing so, the commission appears to have violated the Privacy Act of 1974.
During the course of an SEC investigation, the SEC itself related the names and email addresses of 650 data miners working with crypto startup Green, a blockchain project that is building a decentralized power grid. The project’s user base consists of node operators or miners.
The SEC has been investigating Green for years. It reached out to users in order to learn their experience with the firm. Members cooperated, but an employee “failed to bcc all 650 users in an email,” according to screenshots seen by the Washington Examiner.
Its website clearly states that the personal data of those involved in SEC investigations are protected.
Mark J. Astarita, Esq. is a nationally recognized securities attorney representing investors and market professionals in SEC and FINRA investigations nationwide. Have a question? Email him at email@example.com