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Amazon’s Handling of Employees’ Use of Sellers’ Data for Private Labels Being Probed by US SEC: Report

The US Securities and Alternate Fee (SEC) is investigating how Amazon dealt with worker disclosures on the usage of third-party sellers’ information purportedly to spice up its personal private-label enterprise, the Wall Avenue Journal reported on Wednesday.

The federal regulator’s enforcement division has requested for emails and communications from a number of senior Amazon executives, in keeping with the report, which cited individuals aware of the matter. Amazon didn’t instantly reply to a request for remark, whereas a spokesperson for the SEC declined to touch upon the report.

Amazon has been repeatedly accused of knocking off merchandise it sells on its web site and of exploiting its huge trove of inner information to advertise its personal merchandise on the expense of different sellers. The corporate has denied the allegations.

Following a sequence of media experiences in 2020, Amazon launched an inner investigation to evaluation whether or not its workers used sellers’ information to advertise Amazon’s private-label enterprise.

The corporate, nevertheless, declined to supply the findings to a congressional committee that earlier investigated the e-commerce main and different know-how corporations, in keeping with the report.

© Thomson Reuters 2022

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