Taking Control

Fortunately, most cases of unauthorized data use are accidental-usually the result of change overtaking users' controls, or confusion and ambiguity over contract and distribution rights, say the experts IMD spoke to for this issue's special report on data audits.

But unfortunately, instances of under-reporting are all too frequent. Those same experts estimate that between 50 percent and 70 percent of audits conducted by exchanges on user firms uncover some level of under-reporting. The level

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