Grewal added, “The federal securities laws prohibit deceptive conduct and material misrepresentations in connection with the purchase or sale of securities.”
App Annie says it has new internal controls and processes
The company issued a statement stating that the SEC investigation “did not relate to our current products and services or to our current customers and partners.”
It also stated that “new internal controls and processes designed to exclude confidential public company data from its estimate generation processes” have been implemented.
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