There is a "no class action" and arbitration clause. Hell, it's data sharing policy is even worse:
"We do not share non-public personal information about you with unaffiliated third parties with whom we have no
contractual business relationship for their independent use unless (1) you give us permission, (2) it is necessary to
complete a transaction on your behalf, (3) it is necessary to protect against fraud, comply with a subpoena or other
court order or is otherwise required or permitted by law. We do not sell information about you to outside
unaffiliated companies."
That carefully tip-toes around the idea that they "can" share non-public personal information about you with affiliated third parties whom they do have a contractual business relationship with. Note the conditions they provide are only for sharing with unaffiliated third parties.
"We do not sell information about you to outside unaffiliated companies."
"unaffiliated third parties with whom we have no contractual business relationship"
Heck, these two lines essentially suggest that affiliated and unaffiliated have nothing to do with contracts. Therefore, they are free to sell information to whomever they deem they are affiliated with.
My point isn't to pick on you or your company, but merely to point out that what you are suggesting is pretty common-place.
https://www.wealthfront.com/static/documents/wealthfront_cli...
There is a "no class action" and arbitration clause. Hell, it's data sharing policy is even worse:
"We do not share non-public personal information about you with unaffiliated third parties with whom we have no contractual business relationship for their independent use unless (1) you give us permission, (2) it is necessary to complete a transaction on your behalf, (3) it is necessary to protect against fraud, comply with a subpoena or other court order or is otherwise required or permitted by law. We do not sell information about you to outside unaffiliated companies."
That carefully tip-toes around the idea that they "can" share non-public personal information about you with affiliated third parties whom they do have a contractual business relationship with. Note the conditions they provide are only for sharing with unaffiliated third parties.
"We do not sell information about you to outside unaffiliated companies." "unaffiliated third parties with whom we have no contractual business relationship"
Heck, these two lines essentially suggest that affiliated and unaffiliated have nothing to do with contracts. Therefore, they are free to sell information to whomever they deem they are affiliated with.
My point isn't to pick on you or your company, but merely to point out that what you are suggesting is pretty common-place.