Ted Bauman Warns Investors Privacy Changes Are Still Being Implemented

Ted Bauman is a former non-profit director and financial analyst who now writes information on different investment strategies as an editor for Banyan Hill. Banyan Hill is a completely independent newsletter association that shows people how to invest and manage their investments without having to go through the usual channels to do so. Bauman covers a lot of wealth protection methods such as buying into real estate, precious metals, and other alternative funds. He also reads up on a lot of technology-related issues including the latest from Facebook in user privacy protection, and why it is you should know how new laws affect you. Read more at banyanhill.com to know more on Ted Bauman

Ted Bauman said that the European Union is now rolling out tougher measures to make sure privacy guidelines are stated more clearly so that users know what they’re getting into when they signup for a service. What this means is that even US-based companies will be updating their privacy policies in order to meet the laws applicable to European users. Those laws include clear explanations on who your data will be sold to and how you can restrict how that’s done. The EU is now also requiring that if a user wants their data to be completely gone, it must be erased. Bauman says that though the EU has made big moves to bring more transparency to big data companies, the US is still behind the curve with deleting user data. Chances are that it will be much harder to put data deletion laws on the books in the US because the big data companies rely on for revenue that they won’t want to lose. Bauman also says that it may be hard to make serious privacy reforms without US government regulations.

Ted Bauman is a US native, but he has traveled extensively throughout his professional career with a significant amount of that time spent in South Africa. He received his bachelor’s degree from Cape Town University and began his work in various housing initiative programs in conjunction with the South African government and other parties. One of the most important organizations Ted Bauman founded was Slum Dwellers International which has helped more than 14 million people around the world find affordable housing even in poor communities. He also worked as a consultant and represented the World Bank and later the Habitat for Humanity as its international housing director. Bauman joined Banyan Hill in 2013 and has been a key author of their “Alpha Stock Alert” newsletter and “The Bauman Letter.” Visit:  https://www.bloomberg.com/research/stocks/private/person.asp?personId=264684898&privcapId=109183793&previousCapId=109183793&previousTitle=The%20Sovereign%20Society

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