BROWSE BY TOPIC
- Bad Brokers
- Compliance Concepts
- Investor Protection
- Investments - Unsuitable
- Investments - Strategies
- Investments - Private
- Features/Scandals
- Companies
- Technology/Internet
- Rules & Regulations
- Crimes
- Investments
- Bad Advisors
- Boiler Rooms
- Hirings/Transitions
- Terminations/Cost Cutting
- Regulators
- Wall Street News
- General News
- Donald Trump & Co.
- Lawsuits/Arbitrations
- Regulatory Sanctions
- Big Banks
- People
TRENDING TAGS
Stories of Interest
- Sarah ten Siethoff is New Associate Director of SEC Investment Management Rulemaking Office
- Catherine Keating Appointed CEO of BNY Mellon Wealth Management
- Credit Suisse to Pay $47Mn to Resolve DOJ Asia Probe
- SEC Chair Clayton Goes 'Hat in Hand' Before Congress on 2019 Budget Request
- SEC's Opening Remarks to the Elder Justice Coordinating Council
- Massachusetts Jury Convicts CA Attorney of Securities Fraud
- Deutsche Bank Says 3 Senior Investment Bankers to Leave Firm
- World’s Biggest Hedge Fund Reportedly ‘Bearish On Financial Assets’
- SEC Fines Constant Contact, Popular Email Marketer, for Overstating Subscriber Numbers
- SocGen Agrees to Pay $1.3 Billion to End Libya, Libor Probes
- Cryptocurrency Exchange Bitfinex Briefly Halts Trading After Cyber Attack
- SEC Names Valerie Szczepanik Senior Advisor for Digital Assets and Innovation
- SEC Modernizes Delivery of Fund Reports, Seeks Public Feedback on Improving Fund Disclosure
- NYSE Says SEC Plan to Limit Exchange Rebates Would Hurt Investors
- Deutsche Bank faces another challenge with Fed stress test
- Former JPMorgan Broker Files racial discrimination suit against company
- $3.3Mn Winning Bid for Lunch with Warren Buffett
- Julie Erhardt is SEC's New Acting Chief Risk Officer
- Chyhe Becker is SEC's New Acting Chief Economist, Acting Director of Economic and Risk Analysis Division
- Getting a Handle on Virtual Currencies - FINRA
ABOUT FINANCIALISH
We seek to provide information, insights and direction that may enable the Financial Community to effectively and efficiently operate in a regulatory risk-free environment by curating content from all over the web.
Stay Informed with the latest fanancialish news.
SUBSCRIBE FOR
NEWSLETTERS & ALERTS
Internet Coalition Supports 'No Track' Button
March 13, 2012
[ by Melanie Gretchen ]
Google with other Internet giants have formed a coalition to support a do-not-track button, a move that the industry had been resisting for over a year. But now, it's part of the White House's call for Congress to pass a "privacy bill of rights," to give people greater control over the personal data collected about them.
Industry's Disciplinary History. To date, the industry has been taxed over a number of high-profile slip-ups. Facebook agreed recently to settle charges by the U.S. government that some of its privacy practices had been unfair and deceptive to users. Last month, Google acknowledged it had been circumventing the privacy settings of people who use Apple's Web-browsing software on iPhones, iPads, and computers.
The Coalition's Intentions. Going forward, the companies have agreed to stop using the data about people's Web browsing habits to customize ads, and have agreed not to use the data for employment, credit, health-care or insurance purposes.
The "do-not-track" button was first proposed by the Federal Trade Commission (FTC) about 2 years ago, and was adopted widely: Mozilla's Firefox Web browser was the first to add the do-not-track option early last year. Microsoft's Internet Explorer Web browser added it soon after, and Apple included it in the latest version of its operating system, Mountain Lion, which was released to developers this year.
Nevertheless, even people who were opting not to be tracked were still being tracked - because advertisers and tracking companies were not parties to the agreement - i.e., they had not agreed to honor the system. When it made the announcement last month, the coalition - the Digital Advertising Alliance - consisted of 400 companies, who will work toward adopting and honoring the system within 9 months.
What will continue... is the use of data for purposes including "market research" and "product development" and can still be obtained by law enforcement officers. In addition, the "do-not-track" button will not be an end-all-be-all, because it will not block companies, such as Facebook, from tracking their members through "Like" buttons and other functions.
Nevertheless, Christopher Calabrese, ACLU legislative counsel, believes it's a good start, although "we want you to be able to not be tracked at all if you so choose." Don't worry - we'll be tracking your progress.
For further details, go to [WSJ, 2/23/12].

