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Following Facebook settlement, US SEC asks judge to begin process of redistributing $100 million fine to investors

( July 14, 2020, 17:11 GMT | Official Statement) -- MLex Summary: Facebook has now fully paid the $100 million civil penalty it agreed to pay in a settlement last year with the US Securities and Exchange Commission, to close out claims the company violated federal securities laws when it failed to disclose that the personal information of millions of users had been improperly shared with Cambridge Analytica. The SEC told US District Judge James Donato in a court filing that it is seeking his approval to begin the process of identifying harmed investors through a claims process that would compensate them through the settlement fund.See attached SEC motion....

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