The Flow Report - 3 Myths about MNPI in Data
Donald Damico Donald Damico

The Flow Report - 3 Myths about MNPI in Data

Many data users are concerned that alternative data brings significant potential risk if it relates to a public company and might qualify as material, non-public information (or "MNPI") under US law. This risk is understandably difficult to assess; a complete analysis of these terms of art (and their application to a particular dataset) requires sophisticated legal counsel. We do, however, also see some common misunderstandings among buyers and sellers of data on this topic, which may serve as a starting point in understanding this complex risk.

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