Privacy Policy

Back

Last revision: April 26, 2023

1. Introduction

Bits of Stock provides an investing platform through an application. At Bits of Stock, the privacy and security of our customers, respondents, and visitors are of paramount importance. Bits of Stock is committed to protecting the data you share with us. This privacy policy explains how Bits of Stock processes information that can be used to directly or indirectly identify an individual (“Personal Data”)  collected through the use of its website and mobile platform. 

For the purposes of this policy, Bits of Stock defines the term “User” as an entity with which Bits of Stock has an established relationship, the term “Respondent” as any individual who responds to surveys powered by Bits of Stock or who is included as a contact in a User’s account and the term “Visitor” as an individual that visits our front-end website. 

Any information stored on the Bits of Stock platform is treated as confidential. All information is stored securely and is accessed by authorized personnel only. Bits of Stock implements and maintains appropriate technical, safety, and organizational measures to protect Personal Data against unauthorized or unlawful processing and use, and against accidental loss, destruction, damage, theft, or disclosure.

2. Collection and use

2.1. General 

The following sections cover the specifics of each of the three groups from which data  is collected: Website Visitors, Respondents, and Users. 

2.2 Website Visitors 

If you are a Visitor to our website only, and not a Respondent to a survey or a user of our  platform, then this section is relevant for you. 

By visiting this website, you consent to the collection and use of your Personal Data as described herein. If you do not agree with the terms set out herein, please do not visit this  website. If required by applicable law, we will seek your explicit consent to process Personal  Data collected on this website or volunteered by you. Kindly note that any consent will be entirely voluntary. However, if you do not grant the requested consent to the processing of  your Personal Data, the use of this website may not be possible. 

Bits of Stock may collect, record and analyze information of Visitors to its website. We may record your IP address and use cookies. Bits of Stock may add information collected by way of pageview activity. Furthermore, Bits of Stock may collect and process any Personal Data that you volunteer for using our website’s forms, such as but not limited to, when you register for an account or sign up for information and newsletters. If you provide Bits of Stock with your social media details, Bits of Stock may  retrieve publicly available information about you from social media. 

Such Personal Data may comprise your IP address, first and last name, your postal and  email address, your telephone number, your job title, data for social networks, your areas of  interest, interest in Bits of Stock products, and certain information about the company you are working for (company name and address), as well as information as to the type of  relationship that exists between Bits of Stock and yourself. 

Bits of Stock gathers data about visits to the website, including numbers of Visitors and visits, Geo-location data, length of time spent on the site, pages clicked on, or previous locations of Visitors. 

2.2.1 Purpose of processing personal data 

Bits of Stock uses the collected data to communicate with Visitors to customize content for Visitors, show ads on other websites to Visitors, and improve its website by analyzing how Visitors navigate its website. 

2.2.2 Sharing personal data 

Bits of Stock may also share such information with service vendors or contractors in order to provide a requested service or transaction or in order to analyze the Visitor behavior on its website. 

2.2.3 Cookies 

Cookies are small pieces of information sent by a website to a Visitor’s hard disk. Cookies  cannot be used to run programs or deliver viruses to your computer. By continuing to visit  the website, you agree to the placement of cookies on your device. If you choose not to  accept our cookies, we cannot guarantee that your experience will be as fulfilling as it  would otherwise be. We may also place cookies from third parties for functional and  marketing purposes. The use of cookies is widespread and benefits the surfer. For further  information, see Bits of Stock’s Cookie Policy

2.2.4 Links to other sites 

Please be aware that while visiting our site, Visitors can follow links to other sites that are  beyond our sphere of influence. Bits of Stock is not responsible for the content or privacy policy of these other sites. 

2.3 Respondents 

Respondents should be aware that in responding to surveys or survey invitations, they  could be disclosing information that could make them personally identifiable to Bits of Stock Users. The security and privacy protection implemented on the Bits of Stock platform does not cover this type of transfer or disclosure of personal information. Respondents responding to surveys or survey invitations should be aware that they alone are responsible for the content of their responses. For more detailed information concerning the protection of privacy when responding to surveys or survey invitations, Respondents may contact the entity conducting the survey. It is the User’s responsibility to ensure that the collection and processing of data is done in accordance with applicable law. Bits of Stock will not process the Personal Data of Respondents for other purposes or by other means than instructed by its Users. 

2.3.1. Inquires 

If you wish to inquire about your Personal Data that may have been collected in a Bits of Stock survey, we recommend that you contact support: support@bitsofstock.com

2.4 Users  

2.4.1. General 

In order to provide services to its Users, Bits of Stock collects certain types of data.  Furthermore, Users of Bits of Stock collect information from Users when they create and distribute their portfolios. This section will describe how these two types of data are collected and used by Bits of Stock as well as the geographical differences that affect this policy. Data entered or transferred into Bits of Stock by Users such as texts, questions, contacts, media files, etc., remains the property of the User and may not be shared with a third party by Bits of Stock without express consent from the User. 

2.4.2 Collection of User data 

During a User’s registration and later on the Bits of Stock platform, they provide information such as name, company name, email, address, telephone, credit-card number, and other relevant data. This information is used by Bits of Stock to identify the User and provide them with support,  services, mailings, sales and marketing actions, billing and to meet contractual obligations. 

Bits of Stock Users can at any time access and edit, update or delete their contact details by logging in with their username and password to the Bits of Stock platform. Bits of Stock Users may create more Users with different privilege levels within their accounts. It is the responsibility of the User that creates other User accounts, to choose the level of access each User should have. Once these new Users log into Bits of Stock, they meet the definition of User in this policy. Bits of Stock will not retain User data longer than is necessary to fulfill the purposes for which it was collected or as required by applicable laws or regulations. 

2.4.3. Geographical location 

Bits of Stock offers a number of data regions. A Bits of Stock “Data Region” is a set of data centers located within a defined geographical area where User data is stored. Personal Data is not transmitted between Data Regions. For Bits of Stock Users with accounts located in Bits of Stocks’ European Data Region, all Personal Data is processed in the EEA. For Users with accounts in the Data Regions: United States of America (US) and Canada, all Personal Data is processed solely in the respective country. For Users with accounts in our Asia Pacific Data Region, all Personal Data is processed in Singapore. 

2.4.3.1 Processing in the European Economic Area (EEA)

For Users with accounts located in Bits’ European Data Region, all processing of Personal  Data is performed in accordance with privacy rights and regulations following the EU  Directive 95/46/EC of the European Parliament and of the Council of 24 October 1995 (the  Directive), and the implementations of the Directive in local legislation. From May 25th,  2018, the Directive and local legislation based on the Directive will be replaced by the  Regulations (EU) 2016/679 of the European Parliament and of the Council of 27 April 2016  on the protection of natural persons with regard to the processing of Personal Data and on  the free movement of such data, known as the General Data Protection Regulation (GDPR),  and Bits’ processing will take place in accordance with the GDPR. 

2.4.3.1.1 Controller 

Bits of Stock processes Personal Data both as a Processor and as a Controller, as defined in the Directive and the GDPR: 

The Bits of Stock entity which you entered as a User with an agreement for when using the Bits of Stock platform,  will be the Controller for User data, as outlined above in the “Collection of User data” section. 

Bits of Stock adheres to the Directive of 1995 and the GDPR from May 25th, 2018. Consequently, Bits of Stock processes all data provided by its Users with accounts in its  European Data Region, in the European Economic Area (EEA) only. 

All data collected by Bits of Stock Users through surveys will be stored exclusively in secure hosting facilities provided by Amazon Web Services. Bits of Stock has a data processing agreement in place with its provider, ensuring compliance with the Directive. All hosting is performed in accordance with the highest security regulations. All transfers of data internally in the EEA are done in accordance with this data processing agreement. 

2.4.3.2 Processing in the United States Of America (US) 

For Users with accounts in the Bits of Stock US Data Region, Bits of Stock processes data solely in data centers located in the US. Bits of Stock has adopted reasonable physical, technical, and organizational safeguards which substantially mirror the EU safeguards against accidental,  unauthorized or unlawful destruction, loss, alteration, disclosure, access, use or processing of the User’s data in Bits of Stocks’ possession. Bits of Stock will promptly notify the User in the event of any known unauthorized access to, or use of, the User’s data. 

All data collected by Bits of Stock Users through the website and mobile platforms will be stored exclusively in secure hosting facilities provided by Amazon Web Services. Bits of Stocks’ contract with its hosting provider ensures that all hosting is performed in accordance with the highest security regulations. Bits of Stocks’ policy is to protect and safeguard any personal information obtained by Bits of Stock in accordance with United States state or federal laws governing the protection of personal information and data. Accordingly, Bits of Stock adheres to practices and policies that aim to safeguard the data.

2.4.3.3 Processing in Canada

For Users with accounts in the Bits of Stock Canada Data Region, Bits of Stock processes data solely in data centers located in Canada. Bits of Stock has adopted reasonable physical, technical and organizational safeguards which substantially mirror the EU safeguards against accidental, unauthorized or unlawful destruction, loss, alteration, disclosure, access, use or processing of the User's data in Bits of Stocks’ possession. Bits of Stock will promptly notify the User in the event of any known unauthorized access to, or use of, the User’s data. 

All data collected by Bits of Stock Users through the website and mobile platforms will be stored exclusively in secure hosting facilities provided by Amazon Web Services. Bits of Stocks’ contract with its hosting provider ensures that all hosting is performed in accordance with the highest security regulations. Bits of Stocks’ policy is to protect and safeguard any personal information obtained by Bits of Stock in accordance with Canadian laws governing the protection of personal information and data. Accordingly, Bits of Stock adheres to practices and policies that aim to safeguard the data. 

2.4.3.4 Processing in other regions 

For Users with accounts in our Asian Pacific Data Region, Bits of Stock processes data solely in data centers located in Singapore. Bits of Stock has adopted reasonable physical, technical and organizational safeguards which substantially mirror the EU safeguards against accidental, unauthorized or unlawful destruction, loss, alteration, disclosure, access, use or processing of the User's data in Bits of Stocks’ possession. Bits of Stock will promptly notify the User in the event of any known unauthorized access to, or use of, the User’s data. 

All data collected by Bits of Stocks’ Users through the website or mobile platforms will be stored exclusively in secure hosting facilities provided by Amazon Web Services. Bits of Stocks’ contract with its hosting provider ensures that all hosting is performed in accordance with the highest security regulations. Accordingly, Bits of Stock adheres to practices and policies that aim to safeguard the data.

3. Retention and deletion

Bits of Stock will not retain data longer than is necessary to fulfill the purposes for which it was collected or as required by applicable laws or regulations. When a user’s account is terminated or expired, all Personal Data collected through the website or platform will be deleted, as required by applicable law.

4. Acceptance of these Conditions

We assume that all Visitors to our website, Respondents to surveys powered by Bits of Stock and users of Bits of Stocks’ platform have carefully read this document and agree with its contents. If someone does not agree with this privacy policy, they should refrain from using our website and platform. We reserve the right to change our privacy policy as necessity dictates. Continued use of the Bits of Stock website and platform after having been informed of any such changes to these conditions implies acceptance of the revised privacy policy. This privacy policy is an integral part of Bits of Stocks’ terms of use.

5. Our Legal Obligation to Disclose Personal Information

We will reveal a user’s personal information without his/her prior permission only when we  have reason to believe that the disclosure of this information is required to establish the identity of, to contact or to initiate legal proceedings against a person or persons who are  suspected of infringing rights or property belonging to Bits of Stock or to others who could be harmed by the user’s activities or of persons who could (deliberately or otherwise)  transgress upon these rights and property. We are permitted to disclose personal  information when we have good reason to believe that this is legally required. 

6. Bits Chief Compliance Officer

Bits of Stock has a “Chief Compliance Officer” who is responsible for matters relating to privacy and data protection. This Chief Compliance Officer can be reached at the following address:

Emcee Invest, Inc. dba Bits of Stock 

ATTN: Privacy Operations 

188 Grand Street.

2nd & 3rd Floor #11, 

New York, NY 10013 

legal@bitsofstock.com

7. Further Information

If you have any further questions regarding the data Bits of Stock collects, or how we use it, then  please feel free to contact us by email at: legal@bitsofstock.com, or in writing at:

Emcee Invest, Inc. dba Bits of Stock 

ATTN: Legal 

188 Grand Street.

2nd & 3rd Floor #11, 

New York, NY 10013