HIGHLIGHTS
- Amazon executives' emails and interactions have been requested by the SEC.
- Amazon has been accused of stealing internal information.
- The charges have been disputed by the corporation.
According to the Wall Street Journal, the US Securities and Exchange Commission (SEC) is looking into how Amazon handled employee disclosures about the use of third-party merchants' data to increase its own private-label business.
According to the article, which cited people familiar with the subject, the federal regulator's enforcement office has requested emails and interactions from numerous senior Amazon officials. Amazon did not reply quickly to a request for comment, and an SEC representative declined to comment on the claim.
Amazon has been accused of frequently ripping off the items it sells on its website and of using its massive collection of internal data to push its own wares at the detriment of other vendors. The charges have been disputed by the corporation.
Following a slew of media allegations in 2020, Amazon started an internal inquiry into whether its workers utilised seller data to boost Amazon's private-label business.
According to the article, the corporation, however, declined to give the results to a congressional committee that had previously scrutinised the e-commerce giant and other technological businesses.
